consumer product manufacturing

UAW chief raises strike pay, issues warning to automakers

DETROIT (AP) — The president of the United Auto Workers union warned automakers that the union is prepared to strike if it doesn’t get its way in upcoming contract talks. Gary Jones told delegates at the union’s bargaining convention in Detroit that it would raise weekly strike pay from $200 to $250 per week this … Continue reading UAW chief raises strike pay, issues warning to automakers

The Latest: VW gives dune buggy an electric makeover

GENEVA (AP) — The Latest on the Geneva auto show (all times local): 1:00 p.m. Volkswagen is giving the renowned dune buggy a makeover for a digitized and environmentally-conscious era, presenting a noise- and pollution free concept car billed as just as much fun in the sands as its petrol-powered forebears. Volkswagen has trotted out … Continue reading The Latest: VW gives dune buggy an electric makeover

Geneva show has electrics, sports cars and a VW dune buggy

GENEVA (AP) — Carmakers at the Geneva International Motor Show are unveiling new electric vehicles they hope will transform the industry as well as the high-end sports cars that are a fixture at the show. Volvo Car Group’s Polestar is showing off a battery-powered compact car while Volkswagen is touting the whimsical ID. Buggy electric, … Continue reading Geneva show has electrics, sports cars and a VW dune buggy

3rd time lucky? Nissan ex-chair Ghosn hoping for his release

TOKYO (AP) — The new lawyer of former Nissan chairman Carlos Ghosn says he believes the auto executive’s latest request for release from a Japanese detention center on bail, his third, might succeed. Junichiro Hironaka said Monday that Ghosn promised to accept camera surveillance as a way to monitor his activities if he is released. … Continue reading 3rd time lucky? Nissan ex-chair Ghosn hoping for his release

Lego’s business returns to growth after tough year

COPENHAGEN, Denmark/ FEBRUARY 27, 2019 (STL.News) For Lego, the pieces are coming back together. The Danish toy maker said Wednesday its revenue rose 4 percent last year to 36.4 billion kroner ($5.5 billion) after a tough 2017. Net profit increased 3.5 percent to 8.1 billion kroner ($1.2 billion). Growth was in the “strong double-digits” in … Continue reading Lego’s business returns to growth after tough year

Fiat Chrysler: $4.5B plan would add 6,500 Detroit-area jobs

DETROIT (AP) — Fiat Chrysler on Tuesday announced a $4.5 billion investment plan it said would increase its workforce in Detroit and the surrounding suburbs by about 6,500 jobs to build all-new or next-generation SUVs, in a move touted by officials as an uncommon opportunity to revive the regional economy. Under the plan, the company … Continue reading Fiat Chrysler: $4.5B plan would add 6,500 Detroit-area jobs

Consumer goods companies preparing for climate change impact

BERLIN (AP) — Companies behind some of the best-known consumer products — from soaps to sodas — are beginning to factor climate change into their business equation, according to a report published Monday. The survey of 16 major corporations by nonprofit group CDP found that many are working to lower their carbon emissions, prepare for … Continue reading Consumer goods companies preparing for climate change impact

FRANKFURT, Germany | BMW, Daimler launch car- and ride-sharing joint venture

FRANKFURT, Germany (AP) — Automakers Daimler and BMW say that trustworthy handling of personal data will be a key competitive advantage in their new joint venture that offers customers app-based services like car-sharing. The two competitors for luxury car customers said Friday they are investing more than a billion euros (over $1.1 billion) in their … Continue reading FRANKFURT, Germany | BMW, Daimler launch car- and ride-sharing joint venture

DETROIT | Ford begins probe into whether gas mileage was overstated

DETROIT (AP) — Ford Motor Co. has launched an investigation into whether it overstated gas mileage and understated emissions from a wide range of vehicles. The company said Thursday that in September, a group of employees reported possible problems with a mathematical model used to calculate pollution and mileage, prompting the company to hire an … Continue reading DETROIT | Ford begins probe into whether gas mileage was overstated

SAN FRANCISCO | The Latest: Samsung’s foldable phone will cost nearly $2000

SAN FRANCISCO (AP) — The Latest on Samsung’s new-phone announcement (all times local): 11:35 a.m. Samsung has unveiled a highly anticipated smartphone with a foldable screen that breaks new ground in a market that has been stuck in an innovative funk. The phone announced Wednesday in San Francisco will be called the Galaxy Fold and … Continue reading SAN FRANCISCO | The Latest: Samsung’s foldable phone will cost nearly $2000

US stocks mixed ahead of more China-US trade talks

Stocks wavered between small gains and losses in morning trading on Wall Street Tuesday as U.S. markets reopened following the Presidents Day holiday and as investors sized up the latest company earnings reports. Losses in financial, industrial and energy stocks outweighed gains in consumer goods and communications companies. Investors are keeping a close eye on … Continue reading US stocks mixed ahead of more China-US trade talks