News

Flex-N-Gate to recruit new employees from high-poverty neighborhood

05 May 2018, 08:00
Ford supplier Flex-N-Gate is giving residents of one of America's poorest city neighborhoods dibs on 500 new parts jobs.

Investigation continues into cause of fire at magnesium products supplier

05 May 2018, 08:00
The cause of the fire that ripped through a Meridian Magnesium Products plant in Michigan has yet to be determined and it's unclear when the plant will be fully back online.

American Axle Q1 earnings rise 14%

05 May 2018, 08:00
American Axle said its first-quarter net income rose 14 percent, helped by record sales resulting from its acquisition last year of Metaldyne Performance Group.

Lear, Unifor reach new tentative deal at Ontario seating plant targeted for closure

04 May 2018, 08:00
Bargainers for Lear and Unifor have agreed on another tentative new contract for striking workers in Ajax, Ontario, just two days after Lear said its seating plant there would be closed because an earlier deal was rejected.

Musk takes aim at analysts for pushing 'Tesla short thesis'

04 May 2018, 08:00
Elon Musk defended his criticism of two analysts who asked tough questions on Tesla's earnings call, saying they were 'trying to justify their Tesla short thesis' and were working against investors.

German prosecutors will continue Winterkorn probe after U.S. criminal charges

04 May 2018, 08:00
German investigators said they will continue their probe into former VW CEO Martin Winterkorn's role in the automaker's diesel scandal even after the United States filed criminal charges on Thursday.

BMW's Q1 profit falls 3% on foreign exchange headwinds

04 May 2018, 08:00
BMW posted a 3 percent drop in first-quarter profit as unfavorable exchange rate effects weighed on revenues and earnings, even as the automaker posted higher margins and vehicle sales.

AutoCanada Q1 net income jumps 31% to $3.7 million

04 May 2018, 08:00
AutoCanada's net income jumped 31 percent in the first quarter from a year earlier, even as revenue and vehicle sales at Canada's only publicly held dealership group declined.

Ferrari Q1 earnings rise 13% on V-12 engine sales

03 May 2018, 08:00
Ferrari reported a 13 percent rise in first-quarter adjusted core earnings, helped by higher sales of its 12-cylinder models.

Musk's most dumbfounding moments on Tesla's earnings call

03 May 2018, 08:00
During a highly unusual earnings call, Elon Musk cut off analysts and got defensive about probing questions pertaining to Tesla's finances. Tesla burned through another $1 billion.
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