Automobile manufacturing

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 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 - 7:10 pm
MILAN (AP) — Sergio Marchionne, a charismatic and demanding CEO who engineered two long-shot corporate turnarounds to save carmakers Fiat and Chrysler from near-certain failure, died Wednesday. He was 66. The holding company of Fiat's founders, the Agnelli family, announced Marchionne had died...
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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 - 5:56 pm
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 March 15, 2017 file photo, President Donald Trump talks with Fiat Chrysler CEO Sergio Marchionne during a tour at the American Center of Mobility, in Ypsilanti Township, Mich. 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/Evan Vucci, file)
July 25, 2018 - 1:08 pm
MILAN (AP) — Fiat Chrysler Automobiles' new CEO sought Wednesday to reassure investors about the future without the late founding chief executive, Sergio Marchionne, as the latest earnings report showed a drop in profits and lower full-year targets. Mike Manley made his debut to the financial...
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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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FILE - In this April 15, 2018, file photo, the sun shines off the rear deck of a roadster on a Tesla dealer's lot in the south Denver suburb of Littleton, Colo. Tesla stock is sinking Monday, July 23, after the Wall Street Journal reported that the company asked suppliers for refunds to help it turn a profit. (AP Photo/David Zalubowski, File)
July 23, 2018 - 5:06 pm
NEW YORK (AP) — Tesla's finances rather than its cars were once again in focus Monday following a report that the company asked suppliers for refunds to help it turn a profit. A memo provided to The Wall Street Journal showed the electric car maker asked one supplier to return what it calls a...
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Trader Michael Milano works on the floor of the New York Stock Exchange, Monday, July 23, 2018. Stocks are opening slightly lower on Wall Street, led by declines in technology companies and retailers. (AP Photo/Richard Drew)
July 23, 2018 - 4:43 pm
U.S. stock indexes capped a day of listless trading with a mixed finish Monday, as gains by banks and technology companies were offset by losses in other sectors. Bond yields rose, pointing to a pickup in interest rates on consumer loans, which helped drive bank shares higher. Technology stocks...
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FILE - In this Friday, June 1, 2018 file photo, Fiat Chrysler CEO Sergio Marchionne speaks during a press conference at the FCA headquarter, in Balocco, Italy. The boards of Fiat Chrysler, Ferrari and CNH Industrial have been called to meet in Italy in light of CEO Sergio Marchionne’s surgery. The three boards were summoned to separate meetings in Turin on Saturday, July 21 amid the prolonged convalescence of Marchionne, who had shoulder surgery three weeks ago in Switzerland. (AP Photo/Luca Bruno, file)
July 22, 2018 - 10:06 pm
MILAN (AP) — Sergio Marchionne's achievements as one of the automotive world's most charismatic chief executives include the bold trans-Atlantic merger of Italian carmaker Fiat and U.S. No. 3 Chrysler after he restored both to health. But Marchionne told analysts during a big presentation last...
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