Automobile manufacturing

Ford CEO Jim Hackett, right, and Volkswagen CEO Herbert Diess participate in a news conference in New York, Friday, July 12, 2019. Volkswagen will sink $2.6 billion into a Pittsburgh autonomous vehicle company that's mostly owned by Ford as part of a broader partnership on electric and self-driving vehicles, the companies confirmed Friday. (AP Photo/Seth Wenig)
July 12, 2019 - 2:49 pm
NEW YORK (AP) — Volkswagen will invest $2.6 billion into a Pittsburgh autonomous vehicle company that's mostly owned by Ford as the automakers who were once rivals deepen their partnership to develop driverless and electric vehicles in an ultra-competitive landscape. The two automakers will become...
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July 12, 2019 - 6:55 am
BERLIN (AP) — German automaker Daimler expects pretax profits this year to be significantly lower than 2018, after setting aside more money to tackle the fallout from its diesel emissions problems and an airbag recall. Friday's announcement drove down Daimler shares, which were 1.1% lower at 46.52...
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A Volkswagen Beetle makes it to the top of a hill in a neighborhood of Mexico City known colloquially as "Vocholandia," for its love of the classic Beetle, called vochos, Tuesday, July 9, 2019. The modern version of the iconic Volkswagen model is set to cease production on Wednesday, but in Cuautepec on the outskirts of Mexico City residents still rely on the no-frills original compact cars, praising them for their affordability, reparability and ability to handle the area's steep streets. (AP Photo/Cristina Baussan)
July 10, 2019 - 5:39 pm
MEXICO CITY (AP) — The Beetle is dead. Long live the Beetle. The modern edition of the iconic Volkswagen model ceased production Wednesday, but people in Cuautepec on the outskirts of Mexico City still rely on the original no-frills version, praising it for its affordability, reparability and, most...
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FILE - In this April 16, 2019, file photo, Wang Chuanfu, chairman and president of BYD Auto, the biggest global electric brand by sales volume, prepares to show the latest cars during the Auto Shanghai 2019 show in Shanghai. China’s auto sales fell 7.8% in June amid a trade fight with Washington and slower economic growth, extending a year-old contraction that is squeezing automakers that need to spend on developing electric cars. (AP Photo/Ng Han Guan, File)
July 10, 2019 - 12:58 pm
BEIJING (AP) — China's auto sales fell 7.8% in June amid a trade fight with Washington and slower economic growth, extending an unexpectedly painful downturn for automakers that are spending heavily to develop electric cars. Drivers in the global industry's biggest market bought 1.7 million SUVs,...
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FILE - In this April 21, 2017, file photo a collection of VW beetles car toys seen on Volkswagen Beetle displayed during the annual gathering of the "Beetle Club" in Yakum, central Israel. Volkswagen is halting production of the last version of its Beetle model in July 2019 at its plant in Puebla, Mexico, the end of the road for a vehicle that has symbolized many things over a history spanning eight decades since 1938. (AP Photo/Oded Balilty)
July 09, 2019 - 10:56 pm
FRANKFURT, Germany (AP) — Volkswagen is halting production of the last version of its Beetle model this week at its plant in Puebla, Mexico. It's the end of the road for a vehicle that has symbolized many things over a history spanning eight decades since 1938. It has been: a part of Germany's...
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July 05, 2019 - 6:51 am
FRANKFURT, Germany (AP) — BMW CEO Harald Krueger is stepping down in the wake of the luxury automaker's weakest earnings performance in years. The Germany company said Krueger, 53, would not seek an extension of his contract, which expires at the end of April 2020. It said the board of directors...
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FILE - In this March 28, 1990, file photo, Chrysler Corporation Chairman Lee Iacocca sits in a 1990 Dodge Viper sports car as the Chrysler in the 90's six city tour makes a visit to New York. Former Chrysler CEO Iacocca, who became a folk hero for rescuing the company in the '80s, has died, former colleagues said Tuesday, July 2, 2019. He was 94. (AP Photo/Osamu Honda, File)
July 03, 2019 - 7:13 am
DETROIT (AP) — Lee Iacocca, the auto executive and master pitchman who put the Mustang in Ford's lineup in the 1960s and became a corporate folk hero when he resurrected Chrysler 20 years later, has died in Bel Air, California. He was 94. Two former Chrysler executives who worked with him, Bud...
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FILE - In this March 28, 1990, file photo, Chrysler Corporation Chairman Lee Iacocca sits in a 1990 Dodge Viper sports car as the Chrysler in the 90's six city tour makes a visit to New York. Former Chrysler CEO Iacocca, who became a folk hero for rescuing the company in the '80s, has died, former colleagues said Tuesday, July 2, 2019. He was 94. (AP Photo/Osamu Honda, File)
July 03, 2019 - 6:37 am
DETROIT (AP) — Lee Iacocca, the auto executive and master pitchman who put the Mustang in Ford's lineup in the 1960s and became a corporate folk hero when he resurrected Chrysler 20 years later, has died in Bel Air, California. He was 94. Two former Chrysler executives who worked with him, Bud...
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June 28, 2019 - 9:46 am
BEIJING (AP) — Tesla says a fire in one of its cars in Shanghai was caused by the failure of a single battery module and investigators found no defects in the car's systems. The electric car maker said Friday on its social media account that a joint team examined the battery, software,...
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FILE - In this file photo dated Thursday, March 28, 2019, the Ford Motor company logo at the auto show in Denver, USA. Carmaker Ford said Thursday June 27, 2019, it is shedding 12,000 jobs in Europe as it streamlines operations in the region to increase profitability. (AP Photo/David Zalubowski)
June 27, 2019 - 8:14 am
FRANKFURT, Germany (AP) — Carmaker Ford said Thursday it is shedding 12,000 jobs in Europe to increase profitability, part of a global trend of cost cuts by automakers facing shifting consumer tastes and heavy investments in electric cars. The job cuts are part of a broad restructuring at Ford that...
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