<![CDATA[Colorado Springs Gazette RSS - auto]]> http://gazette.com/rss/auto Thu, 27 Oct 2016 13:01:33 -0600 Zend_Feed http://blogs.law.harvard.edu/tech/rss <![CDATA[US stock indexes are mixed as bond yields surge]]> http://gazette.com/us-stock-indexes-are-mixed-as-bond-yields-surge/article/feed/414903?custom_click=rss http://gazette.com/us-stock-indexes-are-mixed-as-bond-yields-surge/article/feed/414903?custom_click=rss

NEW YORK (AP) — U.S. stock indexes are mixed Thursday afternoon as industrial companies like defense contractor Raytheon fall and drugmakers including Bristol-Myers Squibb rise.

Bond yields are climbing to their highest levels since May. That's helping send bank stocks higher, since they'll earn more from lending as interest rates rise. It's also sending high-dividend stocks like utilities and real estate companies lower as bonds become more appealing to investors seeking income.

KEEPING SCORE: The Dow Jones industrial average gained 12 points, or 0.1 percent, to 18,211 as of 2:02 p.m. Eastern time. The Standard & Poor's 500 index remained at 2,139. The Nasdaq composite lost 17 points, or 0.3 percent, to 5,233. But far more

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]]> Thu, 27 Oct 2016 13:16:19 -0600 <![CDATA[Ford's 3Q profit falls on recall, truck launch]]> http://gazette.com/fords-3q-profit-falls-on-recall-truck-launch/article/feed/414838?custom_click=rss http://gazette.com/fords-3q-profit-falls-on-recall-truck-launch/article/feed/414838?custom_click=rss

DEARBORN, Mich. (AP) — Troubles in Ford Motor Co.'s home market — including slowing U.S. sales, a massive recall and the difficult launch of new heavy-duty pickups — are hurting the company's bottom line.

Ford said Thursday its net income plunged 56 percent to $957 million in the third quarter. The earnings, of 24 cents per share, compared to earnings of 55 cents per share in the July-September period a year ago.

Dearborn-based Ford beat Wall Street's expectations, with adjusted earnings of 26 cents per share; analysts polled by FactSet had forecast 20 cents. But that didn't do much to offset concerns that Ford is headed for a rough patch.

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]]> Thu, 27 Oct 2016 11:04:43 -0600 <![CDATA[Retail gasoline prices across Texas up 2 cents this week]]> http://gazette.com/retail-gasoline-prices-across-texas-up-2-cents-this-week/article/feed/409447?custom_click=rss http://gazette.com/retail-gasoline-prices-across-texas-up-2-cents-this-week/article/feed/409447?custom_click=rss COPPELL, Texas (AP) — Retail gasoline prices across Texas are up 2 cents this week to reach an average $2.06 per gallon.

AAA Texas on Thursday reported the nationwide price at the pump slipped by a penny this week to settle at $2.22 per gallon.

The association survey found that Corpus Christi has the cheapest gasoline in Texas this week at an average $1.96 per gallon. Drivers in Dallas are facing the highest gasoline prices statewide at an average $2.15 per gallon.

AAA experts say seasonal refinery maintenance continues across the U.S. and the upcoming switch to winter-blend gasoline should have some price benefits for drivers.

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]]> Thu, 27 Oct 2016 08:46:44 -0600 <![CDATA[Volkswagen raises earnings outlook as it returns to profit]]> http://gazette.com/volkswagen-raises-earnings-outlook-as-it-returns-to-profit/article/feed/414802?custom_click=rss http://gazette.com/volkswagen-raises-earnings-outlook-as-it-returns-to-profit/article/feed/414802?custom_click=rss

FRANKFURT, Germany (AP) — Volkswagen raised its sales and earnings outlook Thursday after bouncing back to a profit of 2.34 billion euros ($2.55 billion) in the third quarter from a large loss a year earlier, when it took a big charge from its car emissions scandal.

The after-tax profit reported Thursday compared with a loss of 1.67 billion euros in the same period a year ago.

At the time, the German company took a 6.7 billion euro charge in anticipation of looming costs for recalls, fixes and buybacks of diesel cars that it had fitted with software that enabled them to cheat on emission tests.

A judge in federal court in San Francisco on Tuesday approved a $15 billion settlement under which Volkswagen will buy back o

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]]> Thu, 27 Oct 2016 08:06:22 -0600 <![CDATA[Video: SUV backs into glass at high-end store in $45K theft]]> http://gazette.com/video-suv-backs-into-glass-at-high-end-store-in-45k-theft/article/feed/414753?custom_click=rss http://gazette.com/video-suv-backs-into-glass-at-high-end-store-in-45k-theft/article/feed/414753?custom_click=rss PHILADELPHIA (AP) — Police have released video of a smash-and-grab at a high-end department store in Philadelphia that shows an SUV back into the store's glass front and as many as seven suspects from two cars make off with more than $45,000 in men's clothing.

The video released Wednesday shows a Toyota SUV twice back into a glass window at Boyds Philadelphia early Tuesday and a Mercedes Benz sedan pull off to the side.

Several hooded and masked suspects in the video shatter the glass. One suspect dumps an armful of clothes into the sedan.

Police say hats, jackets and other items were taken. They found a piece of a bumper outside the store. Police say they believe the SUV has significant rear-end damage.

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]]> Wed, 26 Oct 2016 23:12:51 -0600 <![CDATA[Tesla Motors surprises with 3rd-quarter profit]]> http://gazette.com/tesla-motors-surprises-with-3rd-quarter-profit/article/feed/414625?custom_click=rss http://gazette.com/tesla-motors-surprises-with-3rd-quarter-profit/article/feed/414625?custom_click=rss

DETROIT (AP) — Electric car maker Tesla Motors posted its first quarterly profit in three years on Wednesday, giving investors reason to cheer after months of doubt.

Tesla's shares have fallen since the summer as some investors questioned the company's proposed merger with solar panel maker SolarCity Corp. Goldman Sachs recently downgraded Tesla's shares from "buy" to "neutral" and lowered its price target, saying the potential merger could delay the release of Tesla's much-anticipated Model 3.

But Tesla CEO Elon Musk said in a letter to investors that the third quarter showed Tesla could meet its goals while keeping one eye on opportunities for future growth.

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]]> Wed, 26 Oct 2016 18:28:05 -0600 <![CDATA[Nissan Mexico announces end to popular Tsuru model]]> http://gazette.com/nissan-mexico-announces-end-to-popular-tsuru-model/article/feed/414594?custom_click=rss http://gazette.com/nissan-mexico-announces-end-to-popular-tsuru-model/article/feed/414594?custom_click=rss MEXICO CITY (AP) — Automaker Nissan's Mexico unit announced Wednesday that it will cease production of the long-running Tsuru model that has been sold in the country since the mid-1980s.

The model is widely prized by taxi drivers in Mexico because of its low cost and ruggedness, but has also been slammed by critics for its lack of safety equipment and poor crash test results.

Nissan said it will end production in May, including a special limited-edition "commemorative" version of a 1,000 models. Nissan did not give a reason for the decision.

The boxy, basic car was sold under the Sentra name in the U.S. in the early 1990s, and was named the Sunny elsewhere.

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]]> Wed, 26 Oct 2016 16:59:51 -0600 <![CDATA[Fact sheet: 2017 Acura MDX]]> http://gazette.com/fact-sheet-2017-acura-mdx/article/feed/414454?custom_click=rss http://gazette.com/fact-sheet-2017-acura-mdx/article/feed/414454?custom_click=rss 2017 Acura MDX AWD Advance

BASE PRICE: $43,950 for base FWD model; $45,950 for base AWD model; $48,360 for FWD with Technology Package; $50,360 for AWD with Tech Package; $54,400 for FWD with Advance Package; $56,400 for AWD with Advance Package.


TYPE: Front-engine, all-wheel drive, six-passenger, large, luxury sport utility vehicle.

ENGINE: 3.5-liter, single overhead cam, direct injection V-6 with i-VTEC and Variable Cylinder Management.

MILEAGE: 19 mpg (city), 26 mpg (highway).


LENGTH: 196.2 inches.

WHEELBASE: 111 inches.

CURB WEIGHT: 4,257 pounds.

BUILT AT: Lincoln, Ala.



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]]> Wed, 26 Oct 2016 10:06:49 -0600 <![CDATA[2017 Acura MDX scales up in looks, standard safety features]]> http://gazette.com/2017-acura-mdx-scales-up-in-looks-standard-safety-features/article/feed/414455?custom_click=rss http://gazette.com/2017-acura-mdx-scales-up-in-looks-standard-safety-features/article/feed/414455?custom_click=rss

Acura's most popular vehicle, the MDX luxury sport utility, has a more upscale look and more standard safety features for 2017.

The roomy MDX, which is the only Acura with three rows of seats, offers new amenities, too, such as two captain's chairs for seating in the second row instead of a bench seat or showy, 20-inch wheels.

It's also among the lowest-priced three-row luxury SUVs, with a base MDX with front-wheel drive starting at $44,890 — $565 less than a comparably equipped 2016 MDX. This model year also includes standard safety technology that was part of an extra package last year: lane-keeping assist, front collision warning, lane departure warning and road departure mitigation.

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]]> Wed, 26 Oct 2016 10:04:46 -0600 <![CDATA[Enterprise foundation giving $60 million to food banks]]> http://gazette.com/enterprise-foundation-giving-60-million-to-food-banks/article/feed/414394?custom_click=rss http://gazette.com/enterprise-foundation-giving-60-million-to-food-banks/article/feed/414394?custom_click=rss ST. LOUIS (AP) — The charitable foundation for suburban St. Louis-based Enterprise Rent-A-Car is giving $60 million to food banks and organizations that feed the hungry.

The world's largest rental car company said Wednesday it will donate $10 million each year for the next six years to organizations including Feeding America, Food Banks Canada, The Global FoodBanking Network and hundreds of local food banks and pantries in communities served by Enterprise.

It is the largest gift dedicated to a single cause in the history of the foundation. Enterprise founder Jack Taylor began the foundation in 1982, and since then, the foundation and the Taylor family have contributed more than $1 billion to charitable causes.

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]]> Wed, 26 Oct 2016 09:44:41 -0600 <![CDATA[Hyundai Motor blames strike as profit hits 7-year-low]]> http://gazette.com/hyundai-motor-blames-strike-as-profit-hits-7-year-low/article/feed/414311?custom_click=rss http://gazette.com/hyundai-motor-blames-strike-as-profit-hits-7-year-low/article/feed/414311?custom_click=rss

SEOUL, South Korea (AP) — Hyundai Motor's third-quarter profit fell to its lowest level in nearly seven years, well below forecasts, due to a strike that dented production and weak demand in emerging markets.

South Korea's largest automaker said its July-September earnings fell 10 percent from a year earlier to 1.06 trillion won ($937 million).

That was the lowest profit since the first quarter of 2010, when Hyundai adopted international financial reporting standards.

Analysts had forecast 1.3 trillion won in earnings according to FactSet, a financial data provider.

Hyundai, part of the world's fifth-largest auto group, said its sales in January-September declined 2 percent from the year before to 3.5 million un

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]]> Wed, 26 Oct 2016 01:45:00 -0600 <![CDATA[Police: Refugee kills former co-worker, self; injures 3]]> http://gazette.com/police-refugee-kills-former-co-worker-self-injures-3/article/feed/413977?custom_click=rss http://gazette.com/police-refugee-kills-former-co-worker-self-injures-3/article/feed/413977?custom_click=rss

ROANOKE, Va. (AP) — A refugee from Kenya killed one former co-worker, wounded three others and then killed himself Tuesday in a workplace shooting that authorities are still trying to unravel in Virginia, police said.

Getachew Fekede, 53, had entered the U.S. through a refugee immigration program and worked for the railcar manufacturer FreightCar America before being fired in March when he stopped showing up for work, Roanoke Police Chief Tim Jones told reporters.

A neighbor told the Associated Press that Fekede quit his job over being harassed by a co-worker. Clarence Jones said Fedeke would send money to his mother back in Kenya and had grown concerned about his finances.

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]]> Tue, 25 Oct 2016 20:12:31 -0600 <![CDATA[Apple's quarterly sales fall, but forecast calls for gains]]> http://gazette.com/apples-quarterly-sales-fall-but-forecast-calls-for-gains/article/feed/414184?custom_click=rss http://gazette.com/apples-quarterly-sales-fall-but-forecast-calls-for-gains/article/feed/414184?custom_click=rss

SAN FRANCISCO (AP) — After stumbling in 2016, Apple is betting on a better year ahead.

The Silicon Valley tech giant is forecasting a return to growth in iPhone sales this winter, after a rare slump that dropped a wet blanket on Apple's revenue and stock performance over the last three quarters.

The company is also set to unveil new Mac computers later this week, hoping to boost lagging interest in a set of products that are symbolically significant even if they're less financially important to the company than the iPhone.

Apple has been struggling with shrinking demand for its signature products at a time when analysts say it's increasingly difficult for tech companies to come up with dramatically new features.

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]]> Tue, 25 Oct 2016 17:16:27 -0600 <![CDATA[Anger still flares after judge OKs Volkswagen emissions deal]]> http://gazette.com/anger-still-flares-after-judge-oks-volkswagen-emissions-deal/article/feed/414015?custom_click=rss http://gazette.com/anger-still-flares-after-judge-oks-volkswagen-emissions-deal/article/feed/414015?custom_click=rss

SAN FRANCISCO (AP) — A federal judge approved the largest auto-scandal settlement in U.S. history Tuesday, giving nearly a half-million Volkswagen owners and leaseholders the choice between selling their cars back or having them repaired so they don't cheat on emissions tests and spew excess pollution.

U.S. District Judge Charles Breyer said the nearly $15 billion deal "adequately and fairly" compensates consumers and gets the polluting vehicles off the road as soon as possible.

The German automaker acknowledged last year that about 475,000 Volkswagens and Audis with 2-liter, four-cylinder diesel engines were programmed to cheat on emissions tests.

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]]> Tue, 25 Oct 2016 16:31:11 -0600 <![CDATA[The Latest: Neighbor says workplace shooter faced harassment]]> http://gazette.com/the-latest-neighbor-says-workplace-shooter-faced-harassment/article/feed/414005?custom_click=rss http://gazette.com/the-latest-neighbor-says-workplace-shooter-faced-harassment/article/feed/414005?custom_click=rss ROANOKE, Va. (AP) — The Latest on the fatal workplace shooting inside a rail car manufacturing company in Virginia (all times local):

4:45 p.m.

A neighbor of the suspected shooter at a railcar manufacturing facility in Roanoke, Virginia, says the man told him he quit his job because he was being harassed by a co-worker.

Clarence Jones told The Associated Press that 53-year-old Getachew Fekede would complain about a man who intimidated and picked on him. Jones said Fekede transferred departments at FreightCar America but ultimately quit when the problems continued.

Jones said he believes Fekede grew concerned about money after he quit his job because he was still taking care of his mother back in Kenya.

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]]> Tue, 25 Oct 2016 16:03:02 -0600