Automobile parts manufacturing

August 01, 2019 - 6:27 am
FRANKFURT, Germany (AP) — Luxury automaker BMW said Thursday that net profit fell 29% to 1.48 billion euros ($1.63 billion) in the second quarter from a year earlier, as profits were reduced by higher spending on revamping factories and on new technologies such as battery-only cars and smartphone-...
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FILE - In this Tuesday, Oct. 2, 2018 file photo, Ola Kallenius, member of the Board of Management of Daimler AG. Group Research & Mercedes-Benz Cars Development, speaks to the media during a media preview at the Auto show in Paris. Daimler AG, the maker of Mercedes-Benz luxury cars, says it lost 1.2 billion euros ($1.3 billion) in the second quarter as the company booked 4.2 billion euros in one-time charges for troubles with diesel vehicles and air bag recalls. The quarterly loss reported Wednesday was the company's first since 2009 and a bumpy start for new CEO Ola Kallenius, who took over from Dieter Zetsche on May 22 and since then has had to issue two profit warnings. (AP Photo/Thibault Camus, File)
July 24, 2019 - 5:21 am
FRANKFURT, Germany (AP) — Daimler AG, the maker of Mercedes-Benz luxury cars, says it lost 1.2 billion euros ($1.3 billion) in the second quarter as the company booked 4.2 billion euros in one-time charges for troubles with diesel vehicles and air bag recalls. The quarterly loss reported Wednesday...
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FILE - In this March 21, 2018, file photo member of the board of the German car manufacturer BMW, Oliver Zipse, attends the earnings press conference in Munich, Germany. On Thursday, July 18, 2019, BMW named its top production manager, Zipse, as its next CEO to lead the luxury automaker. (AP Photo/Matthias Schrader, File)
July 18, 2019 - 3:27 pm
FRANKFURT, Germany (AP) — BMW has named its top production manager, Oliver Zipse, as CEO to lead the luxury automaker through a shift to new ways of doing business such as electric vehicles and offering cars on a per-use basis. The company said Thursday that Zipse, 55, would succeed Harald Krueger...
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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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May 30, 2019 - 9:53 am
DETROIT (AP) — The U.S. government's highway safety agency is investigating whether a 5-year-old General Motors seat belt recall fixed the problem. The recall covered about 1.4 million Chevrolet Traverse, Buick Enclave, GMC Acadia and Saturn Outlook SUVs from the 2009 through 2014 model years. GM...
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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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Herbert Diess, CEO of the Volkswagen stock company, poses next to a Volkswagen car prior to the company's annual general meeting in Berlin, Germany, Tuesday, May 14, 2019. (AP Photo/Michael Sohn)
May 14, 2019 - 7:22 am
BERLIN (AP) — Automaker Volkswagen AG says it is investing 1 billion euros ($1.12 billion) to set up a battery production plant in Germany. Chief executive Herbert Diess said Tuesday that the factory is part of the company's effort to electrify its vehicles. He said the plant will be built in the...
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This undated combination of photos shows clockwise from top left the logos for Toyota, Honda, Kia, Fiat Chrysler, Mitsubishi and Hyundai. U.S. auto safety regulators have expanded an investigation into malfunctioning air bag controls to include 12.3 million vehicles because the bags may not inflate in a crash. Vehicles made by Toyota, Honda, Kia, Hyundai, Mitsubishi and Fiat Chrysler from the 2010 through 2019 model years are included in the probe, which was revealed Tuesday, April 23, 2019, in documents posted by the National Highway Traffic Safety Administration. (AP Photos)
April 23, 2019 - 9:13 am
DETROIT (AP) — U.S. auto safety regulators have expanded an investigation into malfunctioning air bag controls to include 12.3 million vehicles because the bags may not inflate in a crash. The problem could be responsible for as many as eight deaths. Vehicles made by Toyota, Honda, Kia, Hyundai,...
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The Sylphy Zero Emission, an all-electric model designed for China is displayed at the Nissan booth during the Auto Shanghai 2019 show in Shanghai on Tuesday, April 16, 2019. Automakers are showcasing electric SUVs and sedans with more driving range and luxury features at the Shanghai auto show, trying to appeal to Chinese buyers in their biggest market as Beijing slashes subsidies that have propelled demand. (AP Photo/Ng Han Guan)
April 16, 2019 - 2:46 am
SHANGHAI (AP) — Automakers are showcasing electric SUVs and sedans with more driving range and luxury features at the Shanghai auto show, trying to appeal to Chinese buyers in their biggest market as Beijing slashes subsidies that have propelled demand. Communist leaders wanting China to lead in...
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