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Automobile parts manufacturing

A 'BMW iNext' is displayed at the IAA Auto Show in Frankfurt, Germany, Tuesday, Sept. 10,2019. (Uwe Anspach/dpa via AP)
1010 WINS Newsroom
September 10, 2019 - 8:51 am

The Latest: BMW gives glimpse of future offerings

FRANKFURT, Germany (AP) — The Latest on the Frankfurt auto show (all times local): 2:50 p.m. BMW's marketing chief says giving customers a broad choice among internal combustion, hybrid and battery-powered cars is the right approach to a changing market. Pieter Nota says the Munich-based luxury...
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File---Picture taken on March 20, 2019 shows the logo of German car manufacturer BMW is pictured on a BMW car prior to the earnings press conference in Munich, Germany. (AP Photo/Matthias Schrader)
August 01, 2019 - 6:56 am

BMW profits drop on higher costs, spending for new tech

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

Automaker Daimler loses $1.3 billion on diesel, air bag woes

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 - 3:57 pm

Automaker BMW names production chief Zipse as new CEO

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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July 12, 2019 - 6:55 am

Daimler warns of profits snag from diesel, airbag recall

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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FILE - In this Dec. 3, 2018, file photo, workers put the finishing touches on a battery pack for a Tesla Model 3 sedan at Tesla's northern Nevada Gigafactory in Reno, Nev. 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. (Benjamin Spillman/The Reno Gazette-Journal via AP, File)
June 28, 2019 - 11:19 am

Tesla says Shanghai car fire caused by failed battery module

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 - 10:02 am

US agency probes effectiveness of 2014 GM seat belt recall

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

Trump lifts tariffs on Mexico, Canada, delays auto tariffs

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

US industrial production down 0.5% in April

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

Volkswagen to invest 1bn euros in battery production plant

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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