Automobile manufacturing

FILE - In this June 23, 2015 file photo a van is pictured in a light tunnel at the Mercedes-Benz automobile plant in Ludwigsfelde, near Berlin. Mercedes-Benz Deutsche Bank presents the figures of the second quarter 2018 on Thursday, July 26, 2018. (Photo/Michael Sohn, file)
July 26, 2018 - 4:03 am
FRANKFURT, Germany (AP) — German automaker Daimler AG said Thursday that its net profit fell 27 percent in the second quarter as the company confronted multiple challenges including trade tensions, weak pricing for its luxury cars, and recalls and product delays related to diesel emissions. Net...
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The logo of Hyundai Motor Co. is seen on a car displayed at its showroom in Seoul, South Korea, Thursday, July 26, 2018. Hyundai Motor Co. says its net profit for the second quarter has fallen 14 percent over a year earlier due to the South Korean won's strength against the U.S. dollar. (AP Photo/Ahn Young-joon)
July 26, 2018 - 3:44 am
SEOUL, South Korea (AP) — Hyundai Motor Co. said Thursday its net profit for the second quarter fell 14 percent over a year earlier due to the South Korean won's strength against the U.S. dollar. South Korea's largest automaker said its April-June net income was 701 billion won ($626 million),...
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FILE - In this Friday, July 21, 2017, file photo, Ford cars wait for deployment after arrival by ship at the Ford Dagenham diesel engine plant in London. An escalating trade war and steep tariffs on steel and aluminum are putting pressure on earnings for automakers, prompting General Motors to slash its outlook while also weighing down shares of Ford Motor Co. and auto parts companies. (AP Photo/Frank Augstein, File)
July 25, 2018 - 7:40 pm
DETROIT (AP) — Ford Motor Co. said Wednesday it is in the midst of a major restructuring of the company that will cost $7 billion in cash and hit pretax earnings by $11 billion over the next three to five years. But the company, which also reported a 48 percent second-quarter net profit decline,...
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FILE- In this Jan. 10, 2017, file photo, General Motors Chairman and CEO Mary Barra speaks about the financial outlook of the automaker in Detroit. An escalating trade war and steep tariffs on steel and aluminum are putting pressure on earnings for automakers, prompting GM to slash its outlook while also weighing down shares of Ford Motor Co. and auto parts companies. (AP Photo/Paul Sancya, File)
July 25, 2018 - 7:39 pm
A Trump administration-led trade war with China and U.S. tariffs on steel and aluminum are putting pressure on earnings for automakers, prompting General Motors to slash its outlook and, among other factors, cutting into Ford Motor Co.'s earnings. GM cited "recent and significant increases in...
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FILE - In this April 23, 2018, file photo, the logo for General Motors appears above a trading post on the floor of the New York Stock Exchange. General Motors, facing rising commodity costs in a trade showdown with Europe and elsewhere, cut its outlook for the year. Shares tumbled more than 5 percent before the opening bell, and GM’s view of the year ahead dragged down shares of the entire auto sector Wednesday, July 25. (AP Photo/Richard Drew, File)
July 25, 2018 - 11:21 am
NEW YORK (AP) — General Motors, facing rising commodity costs in a trade showdown with Europe and elsewhere, cut its outlook for the year. The diminished expectations overshadowed a strong second quarter and shares tumbled more than 7 percent in early trading. The rest of the auto sector was...
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FILE - In this Friday, May 21, 2010 file photo, Chrylser CEO Sergio Marchionne, left, is seen with Jeep brand President and CEO Mike Manley at the Jefferson North Assembly Plant, in Detroit. Fiat Chrysler's board recommends Jeep executive Mike Manley to replace seriously ill CEO Sergio Marchionne, Saturday, July 21, 2018. (AP Photo/Carlos Osorio, File)
July 25, 2018 - 7:28 am
MILAN (AP) — Fiat Chrysler Automobiles has lowered its full-year targets after second-quarter profits sank by 35 percent, but confirmed the carmaker had eliminated its net industrial debt. Fiat Chrysler announced its earnings Wednesday shortly after confirming the death of its long-time CEO Sergio...
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FILE - In this Thursday, Oct. 11, 2007 file photo, Fiat CEO Sergio Marchionne attends an ANFIA (National Association of cars factories) meeting in Rome. On Wednesday, July 25, 2018, holding company of Fiat founding family said Sergio Marchionne, who oversaw turnarounds of Fiat and Chrysler, has died. (AP Photo/Gregorio Borgia, File)
July 25, 2018 - 6:52 am
MILAN (AP) — Sergio Marchionne, a charismatic and demanding CEO who engineered two long-shot corporate turnarounds to save both Fiat and Chrysler from near-certain failure, died Wednesday. He was 66. The holding company of Italian automaker Fiat's founders, the Agnelli family, announced Marchionne...
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FILE - In this Feb. 23, 2017 file photo, the logo of French automaker Peugeot is pictured during the presentation of the company's 2016 full year results, in Paris. PSA Group, the maker of Peugeot and Citroen cars, is doing what General Motors failed to do in 20 years, make the mass market brands Opel Vauxhall profitable, revealing upbeat earnings Tuesday July 15, 2018, for the first six months of the year. (AP Photo/Christophe Ena, File)
July 24, 2018 - 8:30 am
PARIS (AP) — PSA Group, the maker of Peugeot and Citroen cars, is doing what General Motors failed to do in 20 years: make the mass market brands Opel Vauxhall profitable. The French company, which bought Opel Vauxhall from GM last year, said Tuesday that the unit made an operating profit of 502...
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FILE - In this Friday, May 21, 2010 file photo, Chrylser CEO Sergio Marchionne, left, is seen with Jeep brand President and CEO Mike Manley at the Jefferson North Assembly Plant, in Detroit. Fiat Chrysler's board recommends Jeep executive Mike Manley to replace seriously ill CEO Sergio Marchionne, Saturday, July 21, 2018. (AP Photo/Carlos Osorio, File)
July 23, 2018 - 11:53 pm
MILAN (AP) — Fiat Chrysler shares were volatile Monday as investors expressed worry about the exit of ailing CEO Sergio Marchionne, whose driven and creative management style has been the company's fortune. Shares in the Italian-American carmaker closed down 1.5 percent after a harder 4 percent...
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