Automobile manufacturing

FILE - In this Jan. 14, 2018, file photo Ford President and CEO Jim Hackett prepares to address the media at the North American International Auto Show in Detroit. Ford is cutting about 7,000 white-collar jobs, which would make up 10% of its global workforce. The company has said it was undertaking a major restructuring, and on Monday, May 20, 2019, said that it will have trimmed thousands of jobs by August. In a memo to employees, Monday, Hackett said the fourth wave of the restructuring will start on Tuesday, May 21 with the majority of cuts being finished by May 24. (AP Photo/Carlos Osorio, File)
May 20, 2019 - 12:37 pm
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...
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President Donald Trump arrives at John F. Kennedy Airport Thursday, May 16, 2019, in New York. Trump is in New York for a fundraiser. (AP Photo/Evan Vucci)
May 17, 2019 - 5:14 pm
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...
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FILE - In this July 5, 2018, file photo workers assemble the Afloat water mattresses at the factory in Corona, Calif. On Wednesday, May 15, 2019, the Federal Reserve reports on U.S. industrial production for April. (AP Photo/Chris Carlson, File)
May 15, 2019 - 9:17 am
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. The Federal Reserve says industrial output — reflecting total production at factories, utilities and mines — dropped 0.5% in April after a 0...
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Nissan Motor Co. Chief Executive Hiroto Saikawa speaks during a press conference at its Global Headquarters in Yokohama, near Tokyo Tuesday, May 14, 2019. Japanese automaker Nissan, reeling from the arrest of its former Chairman Carlos Ghosn, reported Tuesday that annual profit nose-dived to less than half of what it earned the previous year, and forecast even dimmer results going forward.(AP Photo/Koji Sasahara)
May 14, 2019 - 8:10 am
TOKYO (AP) — Japanese automaker Nissan, reeling from the arrest of its former chairman Carlos Ghosn, reported Tuesday that annual profit nose-dived to less than half of what it earned the previous year, and forecast even dimmer results going forward. Nissan Motor Co.'s profit for the fiscal year...
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FILE - In this April 16, 2019, file photo, Chinese automaker Geely Auto displays a sedan from its new electric brand Geometry during the Auto Shanghai 2019 show in Shanghai. China's auto sales sank 17.7% in April from a year earlier, the 10th straight month of decline amid trade tension with Washington and an economic slowdown. (AP Photo/Ng Han Guan, File)
May 14, 2019 - 1:27 am
BEIJING (AP) — China's auto sales sank 17.7% in April from a year earlier, the 10th straight month of decline amid trade tension with Washington and an economic slowdown. Drivers in the industry's biggest global market bought 1.6 million sedans, SUVs and minivans, according to an industry group,...
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A worker walks near truck trailers and cargo containers, Friday, May 10, 2019, at the Port of Tacoma in Tacoma, Wash. U.S. and Chinese negotiators resumed trade talks Friday under increasing pressure after President Donald Trump raised tariffs on $200 billion in Chinese goods and Beijing promised to retaliate. (AP Photo/Ted S. Warren)
May 11, 2019 - 6:36 am
WASHINGTON (AP) — The Latest on the tariffs standoff between the United States and China (all times local): 6:40 a.m. Chinese Vice Premier Liu He says trade talks with the United States have not broken down. Hong Kong's Phoenix TV on Saturday showed Liu telling reporters that the failure to reach...
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Treasury Secretary Steve Mnuchin, second from left, and United States Trade Representative Robert Lighthizer, right, speak with Chinese Vice Premier Liu He, left, as he departs the Office of the United States Trade Representative in Washington, Friday, May 10, 2019. (AP Photo/Andrew Harnik)
May 10, 2019 - 11:08 pm
WASHINGTON (AP) — Trade talks between the U.S. and China broke up Friday with no agreement, hours after President Donald Trump more than doubled tariffs on $200 billion in Chinese imports. Trump asserted on Twitter that there was "no need to rush" to get a deal between the world's two biggest...
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Ohio Gov. Mike DeWine speaks on the cellphone with GM CEO Mary Barra, Wednesday, May 8, 2019, at the Ohio Statehouse in Columbus, about the company's plans to sell its shuttered factory in Lordstown, Ohio, to a company that builds electric trucks. DeWine, a Republican, said he wanted to hear more details about the plan, including the reaction of the UAW, but said the potential project was better than the plant sitting idle. (AP Photo/Andrew Welsh-Huggins)
May 08, 2019 - 1:36 pm
DETROIT (AP) — General Motors is negotiating the sale of its shuttered factory in Lordstown, Ohio, to a company that builds electric trucks. The company confirmed Wednesday that it's in talks with Cincinnati-based Workhorse Group to sell the huge facility, and also announced plans to invest $700...
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May 08, 2019 - 1:14 am
TOKYO (AP) — Japan's top automaker Toyota is reporting a 4% dip in profit for January-March after vehicle sales fell in North America. Toyota Motor Corp. said Wednesday its quarterly profit was 459.5 billion yen, or $4.2 billion, down from 480.8 billion yen in the same period the previous year. The...
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FILE - In this Jan. 16, 2019, file photo, Cruise AV, General Motor's autonomous electric Bolt EV is displayed in Detroit. A group of institutional investors is sinking $1.15 billion into GM Cruise LLC, the autonomous vehicle unit of General Motors. GM announced the investment from a group led by T. Rowe Price on Tuesday, May 7, and said it included money from GM, Honda and Japanese tech investment firm SoftBank. (AP Photo/Paul Sancya, File)
May 07, 2019 - 11:07 am
DETROIT (AP) — A group of institutional investors is sinking $1.15 billion into GM Cruise LLC, the autonomous vehicle unit of General Motors. Cruise announced the investment from a group led by T. Rowe Price on Tuesday and said it included money from GM, Honda and Japanese tech investment firm...
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