Latest Automobile manufacturing News

Ford, Pinterest rise; eBay, Marvell Technology fall

Oct. 29, 2020 4:22 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially Thursday: Ford Motor Co., up 20 cents to $7.90. The car maker reported a surprisingly strong third-quarter profit as demand for cars and trucks recovered. ServiceNow Inc., up $26.54 to $510.59. The maker of software to automate...

FILE -  This Dec. 30, 2019 image from security camera video shows Michael L. Taylor, center, and George-Antoine Zayek at passport control at Istanbul Airport in Turkey. The U.S. State Department has agreed to turn over to Japan Taylor and his son Peter Taylor, who are accused of smuggling former Nissan Motor Co. Chairman Carlos Ghosn out of the country while he was awaiting trial, the men's lawyers said in legal filing on Thursday, Oct. 29, 2020. (DHA via AP)

U.S. OKs extradition of 2 nabbed in ex-Nissan boss' escape

Oct. 29, 2020 2:44 PM EDT

BOSTON (AP) — The U.S. State Department has agreed to turn over to Japan two American men accused of smuggling former Nissan Motor Co. Chairman Carlos Ghosn out of the country while he was awaiting trial, the men's lawyers said in court documents Thursday. A federal judge intervened to block the immediate...

FILE - In this Monday, April 20, 2020 file photo, cars are lined up at a Volkswagen car dealer in Essen, Germany. German automaker Volkswagen says it returned to profit in the third quarter thanks to cost discipline and a rebound in global sales markets led by China after the lifting of the severe restrictions on activity in the early phase of the pandemic. (AP Photo/Martin Meissner, File)

Volkswagen returns to profit as global auto markets recover

Oct. 29, 2020 6:05 AM EDT

FRANKFURT, Germany (AP) — German automaker Volkswagen said Thursday it returned to profit in the third quarter thanks to cost discipline and a rebound in global sales markets led by China after the lifting of the severe restrictions on activity in the early phase of the pandemic. After-tax profit was 2.75...

FILE - In this Oct. 20, 2019, file photograph, the company logo shines off the grille of an unsold 2019 F-250 pickup truck at a Ford dealership in Littleton, Colo. Ford Motor Co. posted a stronger-than-expected third-quarter net profit, the company announced Wednesday, Oct. 28, 2020, as demand for cars and trucks recovered from coronavirus shutdowns and the company sold more high-margin trucks. (AP Photo/David Zalubowski, File)

Ford posts better-than-expected 3Q profit as sales recover

Oct. 28, 2020 6:19 PM EDT

DETROIT (AP) — Ford Motor Co. posted a stronger-than-expected third-quarter net profit as demand for cars and trucks recovered from coronavirus shutdowns and the company sold more high-margin trucks. The automaker says it made $2.39 billion, or 60 cents per share, as factories edged back to normal after...

FILE - In this Aug. 2, 2019 file photo, people walk by the logo of Toyota at a show room in Tokyo.  Toyota is adding 1.5 million U.S. vehicles to recalls from early 2020 to fix fuel pumps that can fail and cause engines to stall. The company says, Wednesday, Oct. 28, 2020,  the latest recall brings the total to 3.3 million Toyota and Lexus brand vehicles that need to be repaired.  (AP Photo/Eugene Hoshiko, File)

Toyota adds 1.5M US vehicles to recalls for engine stalling

Oct. 28, 2020 1:56 PM EDT

DETROIT (AP) — Toyota is adding 1.5 million U.S. vehicles to recalls from early this year to fix fuel pumps that can fail and cause engines to stall. The company says the latest recall brings the total to 5.8 million Toyota and Lexus brand vehicles that need to be repaired worldwide. The recall affects...

FILE - This Feb. 14, 2019 file photo shows the Chrysler logo at the 2019 Pittsburgh International Auto Show in Pittsburgh. Fiat Chrysler and PSA Peugeot on Wednesday, Oct. 28, 2020 confirmed progress toward their full merger to create the globe’s fourth-largest carmaker, with completion expected by the end of March 2021. (AP Photo/Gene J. Puskar, file)

Fiat Chrysler posts record Q3 profit ahead of PSA merger

Oct. 28, 2020 12:33 PM EDT

MILAN (AP) — Fiat Chrysler on Wednesday reported record third-quarter earnings as production returned to nearly pre-pandemic levels. The Italian-American automaker, which is finalizing its full merger with French rival PSA Peugeot, reported a net profit in the three months ending Sept. 30 of 1.2 billion...

FILE - In this Wednesday, Dec.18, 2019 file photo, he logo of the French car maker Peugeot is pictured in Paris. Fiat Chrysler and PSA Peugeot on Wednesday, Oct. 28, 2020 confirmed progress toward their full merger to create the globe’s fourth-largest carmaker, with completion expected by the end of March 2021.  (AP Photo/Thibault Camus, file)

Carmakers FCA and PSA confirm progress toward full merger

Oct. 28, 2020 8:03 AM EDT

MILAN (AP) — Fiat Chrysler and PSA Peugeot on Wednesday confirmed progress toward their full merger to create the globe’s fourth-largest carmaker, with completion expected by the end of March 2021. The merger of the Italian-American car company with its French rival, agreed last year, is aimed at...

FILE - In this Thursday, April 30, 2020 file photo, an employee attaches a Mercedes emblem as he works on a Mercedes-Benz S-class car at the Mercedes plant in Sindelfingen, Germany. Daimler, maker of Mercedes-Benz vehicles, is reporting third-quarter earnings on Friday Oct. 22, 2020. (AP Photo/Matthias Schrader, file)

Automaker Daimler rebounds after lockdowns, raises outlook

Oct. 23, 2020 6:27 AM EDT

FRANKFURT, Germany (AP) — Daimler, the maker of Mercedes-Benz luxury cars and Freightliner trucks, saw third-quarter profit rebound as the company clamped down on costs and auto sales recovered after the coronavirus lockdowns of earlier in the year. The company raised its outlook for expected earnings....

FILE - This Oct. 18, 2019, photo shows a Tesla logo in Salt Lake City.  A small group of Tesla owners is testing the company's “full self driving” system on public roads. But in fine print the company says the $8,000 system doesn't make the vehicles autonomous and they still have to be supervised by humans.   (AP Photo/Rick Bowmer, File)

Tesla 'full self-driving' vehicles can't drive themselves

Oct. 22, 2020 5:26 PM EDT

DETROIT (AP) — Earlier this week, Tesla sent out its “full self-driving” software to a small group of owners who will test it on public roads. But buried on its website is a disclaimer that the $8,000 system doesn't make the vehicles autonomous and drivers still have to supervise it. The...

FILE - This March 18, 2020 photo shows a Tesla charging station for automobiles in Port Huron, Mich.  Tesla charged through a summertime auto industry sales slump in the U.S. to post stronger-than-expected net earnings for the third quarter. The electric car and solar panel maker says Wednesday, Oct. 21,  that it made $874 million, or 27 cents per share, for its fifth-straight profitable quarter.(AP Photo/Paul Sancya, File)

Tesla posts net profit for fifth straight quarter

Oct. 21, 2020 6:52 PM EDT

DETROIT (AP) — Tesla charged through a summertime auto industry sales slump in the U.S. to post stronger-than-expected net earnings for the third quarter. The electric car and solar panel maker said Wednesday that it made $331 million, or 27 cents per share, for its fifth-straight profitable quarter....