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Nick Carey

10:56am EDT

Trump tweets, then Ford announces investment in three Michigan plants

DETROIT/WASHINGTON Ford Motor Co on Tuesday said it would invest $1.2 billion in three Michigan facilities and create 130 jobs in projects largely in line with a previous agreement with the United Auto Workers union, hours after U.S. President Donald Trump touted a "major investment" by the automaker on Twitter.

Mar 27 2017

Plateau in U.S. auto sales heightens risk for lenders: Moody's

DETROIT As U.S. auto sales have peaked, competition to finance car loans is set to intensify and drive increased credit risk for auto lenders, Moody's Investors Service said in a report released on Monday.

Mar 24 2017

Trump's auto review may only slow march to better fuel efficiency

DETROIT When U.S. President Donald Trump announced a review last week of tough Obama-era vehicle emissions and fuel-efficiency standards, he proclaimed that the "assault on the American auto industry is over."

Mar 24 2017

March U.S. auto sales seen up nearly 1.9 percent: JD Power and LMC

DETROIT U.S. auto sales in March will increase almost 1.9 percent from a year earlier, even as consumer discounts continue to remain at record levels, industry consultants J.D. Power and LMC Automotive said on Friday.

Mar 23 2017

Trump's auto review may only slow march to better fuel efficiency

DETROIT When U.S. President Donald Trump announced a review last week of tough Obama-era vehicle emissions and fuel-efficiency standards, he proclaimed that the "assault on the American auto industry is over."

Mar 23 2017

Cost of U.S. car fuel standards could be 40 pct lower -report

DETROIT The cost to implement tough fuel-efficiency standards for cars imposed by the Obama administration for the first half of the next decade could be up to 40 percent lower than previously estimated using existing conventional technologies, according to a report from a nonprofit group released on Wednesday.

Mar 23 2017

Higher investments, sales drop to weigh on Ford first-quarter earnings

DETROIT Ford Motor Co said on Thursday it expects lower earnings per share in the first quarter and lower pretax profit in 2017 due to higher spending on commodities, warranties and investments and a drop in sales volumes especially fleet sales.

Mar 22 2017

Cost of U.S. car fuel standards could be 40 percent lower: report

DETROIT The cost to implement tough fuel-efficiency standards for cars imposed by the Obama administration for the first half of the next decade could be up to 40 percent lower than previously estimated using existing conventional technologies, according to a report from a nonprofit group released on Wednesday.

Mar 16 2017

U.S. judge orders VW executive held until trial in emissions case

DETROIT/WASHINGTON A federal judge in Detroit on Thursday ordered that a Volkswagen AG executive charged in the automaker's diesel emissions scandal be detained until his trial set for next year, agreeing with prosecutors that the German national represented a flight risk.

Mar 16 2017

U.S. judge orders Volkswagen executive held until emissions case trial next January

DETROIT/WASHINGTON A federal judge in Detroit on Thursday ordered that a Volkswagen AG executive charged in the automaker's diesel emissions scandal be detained until his trial set for next year, agreeing with prosecutors that the German national represented a flight risk.

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