Automobile manufacturing

April 21, 2020 - 3:10 am
BERLIN (AP) — Volvo and the truck division of Daimler have agreed to set up a joint venture to develop and produce fuel cell systems for heavy vehicles, the Swedish and German companies said Tuesday. The two firms said that they will be equal partners in the new enterprise. Daimler Truck will put...
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A saleswoman waits for customers in a shop as many smaller stores are allowed to open in Essen, Germany, Monday, April 20, 2020. Europe's biggest economy, starts reopening some of its stores and factories after weeks of lockdown due to the new coronavirus outbreak. (AP Photo/Martin Meissner)
April 20, 2020 - 8:55 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Monday related to the global economy, the work place and the spread of the virus. ________________________ RESTRICTIONS VARY: North American border-crossing limits are being...
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In this April 16, 2020, a few cars and trucks drive on the usually very crowded main highway around Frankfurt, Germany, that is seen in the background. As the restrictions to avoid the spreading of the coronavirus are eased, Chancellor Angela Merkel has pointed to South Korea as an example of how Germany will have to improve measures to “get ahead” of the pandemic with more testing and tracking of cases so that the rate of infections can be slowed. (AP Photo/Michael Probst)
April 17, 2020 - 3:56 am
MILAN (AP) — European car sales tanked last month amid strict lockdown measures to contain the coronavirus that shut down dealerships for at least half of March and dried up consumer spending. The European carmaker’s association, ACEA, said Friday that new car registrations ‘’recorded a dramatic...
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A woman wearing a protective mask walks past a closed children's clothing store in the Hispanic, Little Village in Chicago, Wednesday, April 15, 2020. The first U.S. economic indicators to capture the devastation brought on by the pandemic have begun to arrive, showing a plunge in retail sales exceeding what happened during the economic crisis a decade ago. (AP Photo/Charles Rex Arbogast)
April 15, 2020 - 6:53 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to the global economy, the work place and the spread of the virus. ________________________ NUMBERS TELL A GRIM STORY: Data just emerging paints a...
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People passing a coronavirus graffiti by street artist 'Uzey' showing Spiderman with a protection mask on a wall in Hamm, Germany, on Easter Monday, April 13, 2020. (AP Photo/Martin Meissner)
April 13, 2020 - 10:34 am
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Monday related to the global economy, the work place and the spread of the virus. ________________________ BOTTOM LINE: Hundreds of companies have withdrawn all financial...
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FILE - In this April 8, 2020, file photo, workers assemble cars at the Dongfeng Honda Automobile Co., Ltd factory in Wuhan in central China's Hubei province. China's auto sales sank 48.4% in March from a year ago as the economy reeled from the coronavirus, according to an industry group, adding to strains for the struggling industry in its biggest global market. (AP Photo/Ng Han Guan, File)
April 11, 2020 - 6:33 am
BEIJING (AP) — China’s auto sales sank 48.4% in March from a year ago as the economy reeled from the coronavirus, according to an industry group, adding to strains for the struggling industry in its biggest global market. Sales of SUVs, sedans and minivans totaled just over 1 million, the China...
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Patrolman Elliot Landrau keeps watch at the West Side Market, Friday, April 10, 2020, in Cleveland. There were fewer shoppers this year before the Easter holiday than in previous years due to the coronavirus. (AP Photo/Tony Dejak)
April 10, 2020 - 4:23 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to the global economy, the work place and the spread of the virus. ________________________ CONSUMER DURESS: The consumer drives about 70% of all economic...
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April 10, 2020 - 4:46 am
PARIS (AP) — Renault says it is seeking billions in state-backed loans, cancelling its dividend for 2019 and its chairman is taking a pay cut, as the French automaker tries to weather the coronavirus crisis. Jean-Dominique Senard’s pay will be cut by 25% for the second quarter of 2020. But...
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In this photo provided by Toyota Motor Corp., Toyota Chief Executive Akio Toyoda speaks during a video meeting at his office in Nagoya, central Japan, Friday, April 10, 2020. Toyoda promised Friday the Japanese auto industry would protect jobs, as it braces to overcome the unfolding crisis set off by the coronavirus pandemic. Toyoda, speaking as head of the Japan Automobile Manufacturers Association, said he was worried the Japanese economy might be destroyed before the world can win the fight against the sickness caused by COVID-19. (Toyota Motor Corp. via AP)
April 10, 2020 - 2:59 am
TOKYO (AP) — Toyota Chief Executive Akio Toyoda promised Friday that the Japanese auto industry would seek to protect jobs worldwide as it endures the coronavirus pandemic. Toyoda, speaking as head of the Japan Automobile Manufacturers Association, said he was worried the Japanese economy might be...
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FILE - This Wednesday, March 18, 2020, file photo, shows a Tesla charging station for automobiles in Port Huron, Mich. Tesla's sales of its increasingly popular electric cars got off to a fast start in the year, even though the company had to slam the brakes along with other major automakers in March 2020 because of worldwide efforts to contain the worst pandemic in a century. (AP Photo/Paul Sancya, File)
April 02, 2020 - 7:51 pm
BERKELEY, Calif. (AP) — Tesla's sales of its increasingly popular electric cars got off to fast start this year, even though the company had to slam the brakes along with other major automakers last month because of worldwide efforts to contain the worst pandemic in a century. The Palo Alto,...
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