Latest Automobile manufacturing News

Report: Many Uber, Lyft drivers fail to respond to recalls

May. 21, 2019 8:43 PM EDT

NEW YORK (AP) — One out of six Uber and Lyft drivers in the New York City and Seattle areas are driving vehicles with outstanding recalls, according to Consumer Reports. But taking a taxi or limousine isn't necessarily a safer option: nearly a quarter of traditional for-hire vehicles in New York City such...

Land deals, incentives OK'd for new auto plant in Detroit

May. 21, 2019 6:18 PM EDT

DETROIT (AP) — Fiat Chrysler can move forward with plans to build a new, $1.6 billion assembly plant in Detroit and invest $900 million to retool and modernize another. Land deals and community benefits agreements tied to the project were approved Tuesday by the Detroit City Council, shortly before...

Tesla reduces prices on Models S and X amid stock slump

May. 21, 2019 5:50 PM EDT

DETROIT (AP) — Tesla has reduced the prices of its two most expensive models, raising concerns about fading interest in its cars and whether the company can generate enough cash to pay all the bills. On Monday, Tesla cut $3,000 from the price of the Model S sedan and $2,000 from the Model X SUV. The...

The Latest: Michigan OKs $223M package for Fiat Chrysler

May. 21, 2019 4:06 PM EDT

DETROIT (AP) — The Latest on plans by Fiat Chrysler to build a new vehicle assembly plant in Detroit (all times local): 3:30 p.m. Michigan's economic development arm has approved $223 million in incentives to help Fiat Chrysler invest in five factories, including the construction of a new assembly plant in...

Seeing a twisting road ahead, Ford cuts 7K white-collar jobs

May. 20, 2019 10:03 PM EDT

DETROIT (AP) — Ford revealed details of its long-awaited restructuring plan Monday as it prepared for a future of electric and autonomous vehicles by parting ways with 7,000 white-collar workers worldwide, about 10% of its global salaried workforce. The major revamp, which had been under way since last...

China's technology tactics irk its trading partners

May. 20, 2019 3:05 AM EDT

BEIJING (AP) — For four decades, Beijing has cajoled or pressured foreign companies to hand over technology. And its trading partners say if that didn't work, China stole what it wanted. Communist leaders deflected demands for change until foreign frustration erupted into a showdown with President Donald...

Trump lifts tariffs on Mexico, Canada, delays auto tariffs

May. 17, 2019 5:15 PM EDT

WASHINGTON (AP) — Bogged down in a sprawling trade dispute with U.S. rival China, President Donald Trump took steps Friday to ease tensions with America's allies — lifting import taxes on Canadian and Mexican steel and aluminum and delaying auto tariffs that would have hurt Japan and Europe. By...

Asian stocks mixed on trade jitters, reported tariff delay

May. 15, 2019 11:26 PM EDT

TOKYO (AP) — Asian shares were mixed Thursday amid worries over trade tensions, leavened by media reports that President Donald Trump may delay a decision on auto tariffs. On Wall Street, a promising update on the Trump administration's efforts to reach a trade deal with Canada and Mexico by Treasury...

Markets Right Now: Stocks notch solid gains on Wall Street

May. 15, 2019 4:11 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing solidly higher on Wall Street as traders become more hopeful that some of the U.S.'s frictions with its trading partners will ease. Treasury Secretary Steven Mnuchin said Wednesday that Washington...

US industrial production down 0.5% in April

May. 15, 2019 9:37 AM EDT

WASHINGTON (AP) — U.S. industrial production fell in April, dragged by a big drop in factory output as production of autos and auto parts continued to slide. Industrial output — reflecting total production at factories, utilities and mines — dropped 0.5% in April after a 0.2% March gain, the...