Automobile parts manufacturing

In this Thursday, Sept. 5, 2019, photo, a roadside fruit seller waits for customers as vehicles drive past in Noida on the outskirts of New Delhi, India. Confidence in the Indian economy is giving way to uncertainty as growth in the labor-intensive manufacturing sector has come to a near standstill, braking to 0.6% in the last quarter from 12.1% in the same period a year earlier. (AP Photo/Altaf Qadri)
September 16, 2019 - 3:10 am
NEW DELHI (AP) — Anuj Kapoor took over his father's booming auto parts business in 2012, hoping to elevate the company from selling to suppliers to selling directly to carmakers. Seven years later, he's had to lay off half his workers as drooping sales caused his profit to plummet by at least 80%...
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A 'BMW iNext' is displayed at the IAA Auto Show in Frankfurt, Germany, Tuesday, Sept. 10,2019. (Uwe Anspach/dpa via AP)
September 10, 2019 - 8:51 am
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
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 - 7:40 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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July 22, 2019 - 9:57 am
HELSINKI (AP) — Volvo Cars is recalling about half a million cars worldwide because of a faulty engine component that may in extreme cases cause a vehicle to catch a fire. The Swedish carmaker said Monday the affected cars are two-liter, four-cylinder diesel engines manufactured between 2014 and...
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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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July 12, 2019 - 6:55 am
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
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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FILE - In this May 19, 2019, file photograph, a long line of unsold 2019 sedans sits at a dealership in Littleton, Colo. The annual survey by J.D. Power found that as the electronic safety systems find their way into more mainstream models, buyers are reporting more issues in their first three months of ownership. The problems are more than just a pain for new-vehicle owners. They affecting systems that are “critical for building consumer trust in future automated vehicles,” said Dave Sargent, J.D. Power’s vice president of global automotive. (AP Photo/David Zalubowski, File)
June 19, 2019 - 1:39 pm
DETROIT (AP) — As auto companies continue to fix buggy touch-screen infotainment systems, a survey of new-vehicle buyers has found there's a different technology posing problems: driver assist systems such as automatic emergency braking. The annual survey by J.D. Power found that as the electronic...
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June 12, 2019 - 9:42 am
FRANKFURT, Germany (AP) — Volkswagen says it is taking a stake in Swedish battery cell producer Northvolt AB and plans a joint factory in Germany ahead of increased production of electric vehicles next year. Wolfsburg-based Volkswagen said Wednesday that it would invest around 900 million euros ($1...
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