Latest Automobile manufacturing News

FILE - In this Wednesday, Jan. 13, 2021 file photo, people walk by the New York Stock Exchange. Stocks are climbing Tuesday, Jan. 19 recovering some of last week’s losses to pull closer to their record highs. The S&P 500 was 0.6% higher in early trading and got back within 1% of its record set earlier this month. (AP Photo/Mark Lennihan, File)

Wall Street's momentum swings back as stocks, yields tick up

Jan. 19, 2021 10:54 AM EST

NEW YORK (AP) — Stocks are ticking higher on Wall Street Tuesday, recovering some of last week’s losses to pull closer to their record highs. The S&P 500 was up 0.5% in morning trading and back within 1% of its record set earlier this month. The Dow Jones Industrial Average was up 128 points,...

This image provided by General Motors shows the new company logo.  General Motors is changing its corporate logo and starting an electric vehicle marketing campaign as it tries to refurbish its image from a maker of gas-powered pickups and SUVs to a clean vehicle company. The 112-year-old Detroit automaker says, Friday, Jan. 8, 2021, the campaign will show GM’s progressive company vision as it promises to roll out 30 new battery-powered vehicles globally by the end of 2025. (General Motors via AP)

GM teams up with Microsoft on driverless cars

Jan. 19, 2021 10:36 AM EST

SILVER SPRING, Md. (AP) — General Motors is teaming up with Microsoft to accelerate its rollout of electric, self-driving cars. In the partnership announced Tuesday, the companies said Microsoft’s Azure cloud and edge computing platform would be used to “commercialize its unique autonomous...

Long time exposure photo shows commuters driving towards Frankfurt, Germany, Thursday, Jan. 14, 2021. In background the buildings of the banking district. (AP Photo/Michael Probst)

European car sales suffer worst plunge ever in pandemic

Jan. 19, 2021 4:23 AM EST

MILAN (AP) — European car sales plunged by nearly a quarter last year as the pandemic provoked the worst crisis ever to hit the capital-intensive industry. New car registrations sank by 23.7%, or 3 million vehicles, to 9.9 million units, according to new figures released Tuesday by the European Automobile...

The new Stellantis logo was added on the side of the other logos of the group, on the day of the stock market debut, at the historic Mirafiori headquarters in Turin, Italy, Monday, Jan. 18, 2021. Stellantis, the car company combining PSA Peugeot and Fiat Chrysler, was launched Monday on the Milan and Paris stock exchanges, giving life to the fourth-largest car company in the world. (Marco Alpozzi/LaPresse via AP)

Carmaker Stellantis shares jump in Milan, Paris on first day

Jan. 18, 2021 9:27 AM EST

MILAN (AP) — Stellantis, the car company combining PSA Peugeot and Fiat Chrysler, was launched Monday on the Milan and Paris stock exchanges, giving life to the fourth-largest auto company in the world. Stellantis shares rallied 7.6% in Milan to 13.53 euros ($16.32). CEO Carlos Tavares said during a...

GM to build electric delivery vans in Canada

Jan. 16, 2021 11:45 AM EST

NEW YORK (AP) — General Motors plans to spend $800 million to turn a Canadian SUV plant into one that will make electric delivery vans. Work on the plant, which is in Ingersoll, Ontario, will start immediately and take two years. The plant currently makes Chevrolet Equinox SUVs. The electric delivery...

Prosecutors drop securities case against former VW CEO

Jan. 15, 2021 11:27 AM EST

FRANKFURT, Germany (AP) — German prosecutors have set aside a securities-law case against the former CEO of Volkswagen because he could face heavier penalties in a separate criminal fraud case connected to the company's 2015 diesel emissions scandal. The court in the city of Braunschweig said in a...

A long row of unsold 2020 pickup trucks sits at a Ram dealership Sunday, Dec. 27, 2020, in Littleton, Colo.  A new government report says gas mileage for new vehicles dropped and pollution increased in model year 2019 for the first time in five years.  (AP Photo/David Zalubowski)

For first time in 5 years, US gas mileage down, emissions up

Jan. 14, 2021 3:06 PM EST

DETROIT (AP) — A new government report says gas mileage for new vehicles dropped and pollution increased in model year 2019 for the first time in five years. The mileage decrease comes as Americans continue to buy SUVs and trucks, and shift away from more efficient vehicles. The Environmental Protection...

FILE - In this Aug. 2, 2019, file, photo, people walk by the logo of Toyota at a show room in Tokyo. Toyota will pay $180 million to settle U.S. government allegations that it failed to report pollution control system defects in its vehicles for a decade. The company, on Thursday, Jan. 14, 2021,  also agreed in court to investigate future emissions-related defects quickly and report them to the U.S. Environmental Protection Agency in a timely manner.  (AP Photo/Eugene Hoshiko, File)

Toyota to pay $180M for failing to report emissions defects

Jan. 14, 2021 1:35 PM EST

DETROIT (AP) — Toyota will pay $180 million to settle U.S. government allegations that it failed to report and fix pollution control defects in its vehicles for a decade. The company also agreed in court to investigate future emissions-related defects quickly and report them to the U.S. Environmental...

This photo provided by Samsung shows the Galaxy S21 Ultra. Samsung’s next crop of smartphones will boast bigger screens, better cameras, and longer-lasting batteries at lower prices than than last year’s lineup that came out just before the pandemic toppled the economy. The three Galaxy S21 phones unveiled Thursday, Jan. 14, 2021 during a virtual event will face similar challenges in an economy still hobbled by the COVID-19 crisis. (Samsung via AP)

Samsung promises new phones will deliver more for less money

Jan. 14, 2021 11:34 AM EST

SAN RAMON, Calif. (AP) — Samsung’s next crop of smartphones will boast bigger screens, better cameras, and longer-lasting batteries at lower prices than last year's lineup that came out just before the pandemic toppled the economy. The three Galaxy S21 phones unveiled Thursday at a virtual event...

FILE - In this Sunday, Sept. 27, 2020, file photo, attendees wearing masks to protect from the coronavirus look at cars at the Tesla booth during the Auto China 2020 show in Beijing. Tesla Inc. is balking at recalling about 159,000 vehicles with potentially defective touch screens, so U.S. safety regulators are moving to force the company to take action, in news announced Wednesday, Jan. 13, 2021. (AP Photo/Ng Han Guan, File)

Tesla balks at touch screen recall, US agency takes action

Jan. 13, 2021 8:20 PM EST

DETROIT (AP) — Tesla Inc. is balking at recalling about 159,000 vehicles with potentially defective touch screens, so U.S. safety regulators are moving to force the company to take action. The National Highway Traffic Safety Administration on Wednesday sent a letter to Tesla saying it has tentatively...