<![CDATA[Colorado Springs Gazette RSS - auto]]> http://gazette.com/rss/auto Sat, 23 Jun 2018 02:39:19 -0600 Zend_Feed http://blogs.law.harvard.edu/tech/rss <![CDATA[Police: Backup driver in fatal Uber crash was distracted]]> http://gazette.com/police-backup-driver-in-fatal-uber-crash-was-distracted/article/feed/574220?custom_click=rss http://gazette.com/police-backup-driver-in-fatal-uber-crash-was-distracted/article/feed/574220?custom_click=rss

PHOENIX (AP) — The human backup driver in an autonomous Uber SUV was streaming the television show "The Voice" on her phone and looking downward just before fatally striking a pedestrian in suburban Phoenix, according to a police report.

The 300-page report released Thursday night by police in Tempe revealed that driver Rafaela Vasquez had been streaming the musical talent show via Hulu in the 43 minutes before the March 18 crash that killed Elaine Herzberg as she crossed a darkened road outside the lines of a crosswalk. The report said the crash, which marks the first fatality involving a self-driving vehicle, wouldn't have happened had the driver not been distracted.

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]]> Fri, 22 Jun 2018 18:11:21 -0600 <![CDATA[Business Highlights]]> http://gazette.com/business-highlights/article/feed/22010?custom_click=rss http://gazette.com/business-highlights/article/feed/22010?custom_click=rss ___

OPEC agrees to pump more oil but crude prices jump anyway

VIENNA (AP) — The OPEC oil countries have agreed to increase their production by almost 1 million barrels a day. Analysts say the move should help contain the recent rise in global energy prices. Questions remain, however, over the ability of some OPEC nations to increase production as they struggle with domestic turmoil and sanctions. Oil prices rose after OPEC's announcement, which analysts cited as evidence that investors believe the actual increase in production will be smaller.

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]]> Fri, 22 Jun 2018 16:28:16 -0600 <![CDATA[US stocks finish mostly higher as energy companies climb]]> http://gazette.com/us-stocks-finish-mostly-higher-as-energy-companies-climb/article/feed/574244?custom_click=rss http://gazette.com/us-stocks-finish-mostly-higher-as-energy-companies-climb/article/feed/574244?custom_click=rss

NEW YORK (AP) — Oil prices and energy companies rallied Friday after OPEC said it will produce more oil, but not as much as investors feared. While trade tensions remained in the headlines, U.S. stocks finished slightly higher at the end of a bumpy week.

U.S. crude futures jumped 4.6 percent after OPEC nations agreed to produce about 1 million additional barrels of oil per day. Reports have said for weeks that production was likely to rise, but analysts said investors appear to think the boost will be smaller than OPEC says it will. So oil prices rallied even though they usually go down when production rises.

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]]> Fri, 22 Jun 2018 15:58:05 -0600 <![CDATA[The Latest: Auto trade group decries Trump's tariff threat]]> http://gazette.com/the-latest-auto-trade-group-decries-trumps-tariff-threat/article/feed/574264?custom_click=rss http://gazette.com/the-latest-auto-trade-group-decries-trumps-tariff-threat/article/feed/574264?custom_click=rss

WASHINGTON (AP) — The Latest on America's disputes with its trading partners (all times local):

3:05 p.m.

A trade association representing a dozen automakers doing business in the United States says President Donald Trump's threat to slap 20 percent tariffs on vehicles imported from Europe is "not the right approach."

The Alliance of Automobile Manufacturers says in a statement that it understands that the administration is trying to level the playing field but that "tariffs raise vehicle prices for our customers, limit consumer choice and invite retaliatory action by our trading partners.

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]]> Fri, 22 Jun 2018 14:23:58 -0600 <![CDATA[Asian stocks down as multiple trade disputes worry investors]]> http://gazette.com/asian-stocks-down-as-multiple-trade-disputes-worry-investors/article/feed/573932?custom_click=rss http://gazette.com/asian-stocks-down-as-multiple-trade-disputes-worry-investors/article/feed/573932?custom_click=rss

SEOUL, South Korea (AP) — Asian stocks fell Friday following Wall Street losses overnight as investors were still wary over trade disputes between China and the U.S. as well as between the U.S. and Europe that could hurt corporate profit and jobs.

KEEPING SCORE: Japan's Nikkei 225 lost 0.9 percent to 22,500.45 while Hong Kong's Hang Seng index edged down 0.2 percent to 29,257.41. Shanghai Composite Index added 0.2 percent to 2,881.13 but it was still more than 5 percent lower than the start of the week. South Korea's Kospi rose 0.3 percent to 2,344.55 after losing more than 3 percent this week. Australia's S&P-ASX 200 was flat at 6,229.30. Stocks in Taiwan, Singapore and Southeast Asian countries were lower.

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]]> Thu, 21 Jun 2018 23:15:28 -0600 <![CDATA[Chevrolet goes after Jeep Grand Cherokee with new Blazer]]> http://gazette.com/chevrolet-goes-after-jeep-grand-cherokee-with-new-blazer/article/feed/574081?custom_click=rss http://gazette.com/chevrolet-goes-after-jeep-grand-cherokee-with-new-blazer/article/feed/574081?custom_click=rss

DETROIT (AP) — Because these days you can't have too many SUVs, General Motors is bringing back the Chevrolet Blazer.

Only this time it's not a thirsty and boxy truck like its predecessor, one of the original SUVs that was sold from the 1982 through 2005 model years.

SUVs based on car underpinnings, sometimes called crossover vehicles, are what buyers want these days, and the Chevy brand didn't have a midsize one with two rows of seats to compete with the popular Jeep Grand Cherokee, the Ford Edge and Nissan Murano.

So GM on Thursday unveiled the sculpted Blazer in Atlanta, trying to capitalize on a well-known name that has a lot of equity, said Steve Majoros, Chevy's director of car and crossover marketing.

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]]> Thu, 21 Jun 2018 20:26:48 -0600 <![CDATA[How major US stock indexes fared Thursday]]> http://gazette.com/how-major-us-stock-indexes-fared-thursday/article/feed/574047?custom_click=rss http://gazette.com/how-major-us-stock-indexes-fared-thursday/article/feed/574047?custom_click=rss Car makers, technology and industrial companies fell Thursday as investors focused on the U.S.-China trade dispute, which could reduce company spending and earnings. The Dow Jones Industrial Average slipped for the eighth day in a row.

On Thursday:

The S&P 500 index retreated 17.56 points, or 0.6 percent, to 2,749.76.

The Dow Jones industrial average skidded 196.10 points, or 0.8 percent, to 24,461.70.

The Nasdaq composite gave up 68.56 points, or 0.9 percent, to 7,712.95.

The Russell 2000 index of smaller-company stocks shed 18.04 points, or 1.1 percent, to 1,688.95.

For the week:

The S&P 500 is down 29.90 points, or 1.1 percent.

The Dow is down 628.78 points, or 2.5 percent.

The Nas

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]]> Thu, 21 Jun 2018 15:49:41 -0600 <![CDATA[General Motors and Deere slide while Kroger and Darden jump]]> http://gazette.com/general-motors-and-deere-slide-while-kroger-and-darden-jump/article/feed/574042?custom_click=rss http://gazette.com/general-motors-and-deere-slide-while-kroger-and-darden-jump/article/feed/574042?custom_click=rss NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday:

General Motors Co., down 83 cents to $41.12

Automakers fell after Daimler lowered its profit forecast, partly because of the effect of tariffs on U.S. vehicles in China.

Kroger Co., up $2.55 to $28.73

The supermarket chain raised the lower end of its annual profit forecast after a strong first quarter.

Intel Corp., down $1.27 to $52.19

Intel CEO Brian Krzanich is resigning after a relationship with an employee that Intel said violated company policy.

Deere & Co., down $2.34 to $142.01

Industrial companies took some of the worst losses as investors again worried about the potential effects of trade disputes.

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]]> Thu, 21 Jun 2018 15:30:22 -0600 <![CDATA[Markets Right Now: Trade worries send stocks lower]]> http://gazette.com/markets-right-now-trade-worries-send-stocks-lower/article/feed/573960?custom_click=rss http://gazette.com/markets-right-now-trade-worries-send-stocks-lower/article/feed/573960?custom_click=rss NEW YORK (AP) — The latest on developments in financial markets (all times local):

4 p.m.

U.S. stocks are closing lower as investors sold car makers and technology companies on fears the growing U.S.-China trade dispute will hurt earnings.

General Motors lost 2 percent and Tesla fell 4.1 percent Thursday after German automaker Daimler lowered its profit forecast, partly because of planned Chinese tariffs on cars imported from the U.S.

Industrial companies like Boeing and Caterpillar also fell.

Online retailers fell after the Supreme Court ruled that states can force more online shoppers to pay sales tax. Overstock.com skidded 7.2 percent.

The Dow Jones industrials fell for the eighth day in a row. It

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]]> Thu, 21 Jun 2018 15:11:59 -0600 <![CDATA[Germany's Daimler lowers 2018 outlook, cites tariffs, diesel]]> http://gazette.com/germanys-daimler-lowers-2018-outlook-cites-tariffs-diesel/article/feed/573848?custom_click=rss http://gazette.com/germanys-daimler-lowers-2018-outlook-cites-tariffs-diesel/article/feed/573848?custom_click=rss BERLIN (AP) — German automaker Daimler AG has lowered its 2018 earnings outlook, a change that it says is partly due to increased import tariffs for U.S. vehicles in China.

The company said late Wednesday that it now sees fewer SUV sales and higher costs at its Mercedes-Benz Cars division than previously expected, as a result of the tariffs, and "this effect cannot be fully compensated by the reallocation of vehicles to other markets." Daimler produces vehicles in the U.S.

It added that earnings at the Mercedes-Benz Vans division will be hit by the recall of diesel vehicles.

It said it now expects full-year earnings before interest and taxes to come in slightly below last year's level, compared with its previous forec

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]]> Thu, 21 Jun 2018 02:42:33 -0600 <![CDATA[Asian stocks mostly up despite underlying US-China tension]]> http://gazette.com/asian-stocks-mostly-up-despite-underlying-us-china-tension/article/feed/573647?custom_click=rss http://gazette.com/asian-stocks-mostly-up-despite-underlying-us-china-tension/article/feed/573647?custom_click=rss

TOKYO (AP) — Asian stock markets mostly rose Thursday as concern fades over the trade tensions between the U.S. and China. Uncertainty remains, but the original tariff threats made earlier in the week were not followed by material action.

KEEPING SCORE: Japan's benchmark Nikkei 225 index rose 0.8 percent to 22,734.28, but South Korea's Kospi edged down by 0.2 percent to 2,360.25. Hong Kong's Hang Seng was nearly unchanged at 29,682.78 and the Shanghai Composite in mainland China increased 0.6 percent to 2,934.18. Australia's S&P/ASX 200 also climbed 1.2 percent to 6,247.00.

WALL STREET: The S&P 500 index rose 4.73 points, or 0.2 percent, to 2,767.32. The Nasdaq composite gained 55.93 points, or 0.7 percent, to 7,781.51.

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]]> Thu, 21 Jun 2018 00:44:59 -0600 <![CDATA[Tesla sues ex-employee alleging data theft, leaks to media]]> http://gazette.com/tesla-sues-ex-employee-alleging-data-theft-leaks-to-media/article/feed/573712?custom_click=rss http://gazette.com/tesla-sues-ex-employee-alleging-data-theft-leaks-to-media/article/feed/573712?custom_click=rss

DETROIT (AP) — A former employee hacked into computers at Tesla's Nevada battery factory, stole confidential information and combined it with falsehoods in leaks to the media, the electric car maker alleged in a federal lawsuit.

The suit was filed Wednesday, three days after CEO Elon Musk warned employees of sabotage from within the company.

Martin Tripp of Sparks, Nevada, admitted to Tesla investigators that he wrote software that transferred several gigabytes of data outside the company, including dozens of photographs and a video, according to the lawsuit filed Wednesday.

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]]> Wed, 20 Jun 2018 13:20:38 -0600 <![CDATA[Tariff troubles: Volvo opens 1st US plant in changed economy]]> http://gazette.com/tariff-troubles-volvo-opens-1st-us-plant-in-changed-economy/article/feed/573602?custom_click=rss http://gazette.com/tariff-troubles-volvo-opens-1st-us-plant-in-changed-economy/article/feed/573602?custom_click=rss COLUMBIA, S.C. (AP) — Volvo Cars opened its first plant in the U.S. on Wednesday in a much different trade environment than when it announced its expansion across the Atlantic three years ago.

The Swedish automaker threw a glitzy party for the reveal of its redesigned S60 sedan, which will roll off a South Carolina assembly line this fall. All the cars will run on hybrid electric power, with no diesel engine options, in keeping with Volvo's promise to stop making newly designed cars powered solely by internal combustion engines.

But looming over the celebration is President Donald Trump's aggressive trade policy, with threats of tariffs that could disrupt the global car market. Trump was elected in 2016, a year after Volvo

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]]> Wed, 20 Jun 2018 12:51:06 -0600 <![CDATA[The Latest: Volvo watches tariffs as 1st US plant opens]]> http://gazette.com/the-latest-volvo-watches-tariffs-as-1st-us-plant-opens/article/feed/573672?custom_click=rss http://gazette.com/the-latest-volvo-watches-tariffs-as-1st-us-plant-opens/article/feed/573672?custom_click=rss RIDGEVILLE, S.C. (AP) — The Latest on Volvo Cars opening its first U.S. plant (all times local):

11:30 a.m.

Volvo is showing off its first car to be made-in-America, even as the economic climate changes radically under President Donald Trump.

Volvo Cars officially opened its South Carolina plant Wednesday with a glitzy ceremony that revealed the Swedish automaker's redesigned S60 hybrid-powered sedan, which will roll off the assembly line this fall.

But the auto market has changed considerably since Volvo announced in 2015 it would build its first U.S. plant in Ridgeville.

President Donald Trump was elected in 2016 and is threatening tariffs that could impact foreign carmakers. Volvo executives say they wa

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]]> Wed, 20 Jun 2018 10:56:09 -0600 <![CDATA[Automakers improve quality to record level in annual survey]]> http://gazette.com/automakers-improve-quality-to-record-level-in-annual-survey/article/feed/573640?custom_click=rss http://gazette.com/automakers-improve-quality-to-record-level-in-annual-survey/article/feed/573640?custom_click=rss

DETROIT (AP) — A survey of new-vehicle buyers finds that car and truck quality hit a record high this year as automakers started to clear up bugs with infotainment systems.

The annual survey by J.D. Power finds that buyers reported a record-low 93 problems per 100 vehicles during the first three months of ownership, four problems fewer than last year.

The survey also found that Korean brands Genesis, Kia and Hyundai claimed the top three spots for the first time in new vehicle quality.

Porsche and Ford rounded out the top five.

J.D. Power also found that the Detroit three improved their quality faster than the industry as a whole. Fiat Chrysler knocked off seven problems, while Ford and General Motors each dropp

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]]> Wed, 20 Jun 2018 09:32:52 -0600