Latest Automobile manufacturing News

After years of plenty, auto workers want a bigger slice

Jul. 15, 2019 2:06 PM EDT

DEARBORN, Mich. (AP) — Contract talks between the United Auto Workers and Detroit's three automakers kicked off with the union president departing from the traditionally friendly tone by telling Ford executives that workers want a bigger share of the companies' record profits. While Ford executives talked...

For Formula E teams, winning is almost secondary

Jul. 14, 2019 12:14 PM EDT

Sure, Formula E teams want to win and make money. That's a given. The big automobile manufacturers who fund the open-wheel electric cars that whir around tracks all over the world also have a bigger goal in mind: research and development. Brand named automakers — from BMW to Audi to Jaguar — compete...

Wickens to drive parade lap at Toronto with hand controls

Jul. 12, 2019 6:04 PM EDT

TORONTO (AP) — Robert Wickens has attacked his rehabilitation from a spinal cord injury with aggressive goals. The Canadian wants to dance at his upcoming wedding, one day walk again with zero evidence his legs once did not work and, of course, Wickens hopes to return to racing cars. Nearly a year after...

Business Highlights

Jul. 12, 2019 5:01 PM EDT

___ Report: FTC approves roughly $5B fine for Facebook SAN FRANCISCO (AP) — A Wall Street Journal report says that the FTC has voted this week to approve a fine of about $5 billion for Facebook over privacy violations. The report Friday cites an unnamed person familiar with the matter. Facebook and the FTC...

Markets Right Now: Stocks end week of gains at record highs

Jul. 12, 2019 4:08 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are ending a week of steady gains with more record closes for major U.S. indexes. Technology, industrial companies and retailers put up some of the biggest gains on Friday, as they have for much of the year. HP...

VW, Ford team up to make autonomous, electric vehicles

Jul. 12, 2019 3:18 PM EDT

NEW YORK (AP) — Volkswagen will invest $2.6 billion into a Pittsburgh autonomous vehicle company that's mostly owned by Ford as the automakers who were once rivals deepen their partnership to develop driverless and electric vehicles in an ultra-competitive landscape. The two automakers will become equal...

The Latest: Experts like what they see in Ford, VW tie-up

Jul. 12, 2019 9:25 AM EDT

NEW YORK (AP) — The Latest on Ford's alliance with Volkswagen (all times local): 9:25 a.m. Auto industry watchers say Ford and Volkswagen have the right idea with their new partnership to develop autonomous and electronic vehicle technology. The companies on Friday announced Friday that Volkswagen will...

Daimler warns of profits snag from diesel, airbag recall

Jul. 12, 2019 7:11 AM EDT

BERLIN (AP) — German automaker Daimler expects pretax profits this year to be significantly lower than 2018, after setting aside more money to tackle the fallout from its diesel emissions problems and an airbag recall. Friday's announcement drove down Daimler shares, which were 1.1% lower at 46.52 euros...

Ford, Volkswagen to reveal details on global alliance

Jul. 11, 2019 4:09 PM EDT

NEW YORK (AP) — Ford and Volkswagen are planning to unveil details about their budding alliance to build mobility services and autonomous and electric vehicles. Executives from both companies are planning to reveal details Friday morning. The two companies announced plans in January to collaborate on...

As Beetle ends, iconic original thrives in Mexico City hills

Jul. 10, 2019 5:39 PM EDT

MEXICO CITY (AP) — The Beetle is dead. Long live the Beetle. The modern edition of the iconic Volkswagen model ceased production Wednesday, but people in Cuautepec on the outskirts of Mexico City still rely on the original no-frills version, praising it for its affordability, reparability and, most of all,...