Musk tests the role of money in U.S. politics with multimillion-dollar effort to back Trump

WASHINGTON (AP) — Next week’s presidential election isn’t just a referendum on Donald Trump and Kamala Harris. It’s also a measure of the influence the world’s richest man wields over American democracy. Elon Musk, the South African-born tech and business titan, has spent...

Harris team warns CEOs that Trump is a threat to economy, while Trump says tariffs can drive growth

WASHINGTON (AP) — Kamala Harris ' campaign is actively warning business leaders that Donald Trump has a pattern of disregard for democracy and the rule of law that would threaten U.S. economic growth — a closing argument designed to show the possible consequences for companies and workers if he...

Volkswagen says cost cuts are urgently needed as its earnings decline sharply

BERLIN (AP) — Volkswagen said significant cost cuts are urgently needed as it reported a steep decline in third-quarter earnings on Wednesday and faced employee representatives angry at the possibility of the automaker's first plant closures in Germany. The company reported net...

What to know about Europe's tariffs on Chinese electric vehicles

FRANKFURT, Germany (AP) — The European Union has finalized its sharply higher customs duties on electric vehicles imported from China. EVs are the latest flash point in a broader trade dispute over Chinese government subsidies and Beijing's burgeoning exports of green technology to the 27-nation...

The EU is imposing duties on electric vehicles from China after trade talks fail

BRUSSELS (AP) — The European Union is imposing duties on imports of electric vehicles from China starting Wednesday after talks between Brussels and Beijing failed to find an amicable solution to their trade dispute. Electric vehicles have become a major flashpoint in a broader...

EU set to impose duties on imports of electric vehicles from China from Thursday

Ford cuts 2024 earnings guidance due to warranty costs and slow pace of cost cutting

DETROIT (AP) — Stubbornly high warranty expenses and lagging cost-cutting efforts are holding back Ford Motor Co.'s profits this year, causing the company to lower its full-year earnings guidance. That pushed the company's stock price down 6% in trading after Monday's closing bell....

Volkswagen's employee council says the automaker plans to close at least 3 German plants

BERLIN (AP) — Volkswagen has informed employee representatives that it wants to close at least three plants in Germany, the head of the company's works council said Monday. Employee council chief Daniela Cavallo said at a meeting with Volkswagen workers at the company's Wolfsburg...

In nationwide first, California plans to rev up sales of electric motorcycles

At New Century Motorcycles in Alhambra, a handful of electric motorcycles are relegated to the back of the store, tucked behind the dirt bikes. The store sells one a month, at most, a salesperson said. Motorcyclists have long loved their noisy, gas-powered machines that allow them...

California’s plan to overhaul a key climate program — raising the cost of gas — ignites debate

California plans to overhaul one of its cornerstone climate programs — a decision that could push gasoline prices higher in a state where residents already pay the most at the pump. On Nov. 8, just three days after an election marked by concerns over rising costs, the California...