US agency ends investigation into Ford engine failures after recall and warranty extension
DETROIT (AP) — The U.S. government’s auto safety regulator has ended a 2 1/2-year investigation into Ford engine failures after…
Boeing machinists’ bumper pay packet is just the latest win for unionized workers
Striking Boeing workers voted to accept a deal with a 38% pay rise. The latest big victory for US labor…
After SpaceX’s requests, Taiwanese suppliers move manufacturing abroad
Elon Musk’s SpaceX asked Taiwanese suppliers to transfer manufacturing off the island, leading to some relocating portions of their supply…
Toyota to post first profit drop in 2 years as demand cools after big run
Toyota Motor is expected to post its first profit drop in two years when it reports second-quarter earnings on Wednesday,…
Banks and the federal government point fingers as Americans lose billions to online scams
The American Bankers Association is urging federal action on online financial fraud. Banks are facing increased liability for scams, with…
Nvidia’s stock performance has been ‘staggering.’ But recent buyers of the stock are taking a far greater risk than they realize
Nvidia has become the combined Taylor Swift and Shohei Ohtani of stocks – glamorous, constantly hitting the ball out of…
Intel reportedly scaling back R&D teams in Israel — several hundred talented staff will be laid off
Intel plans to reduce its workforce by several hundred employees at its Israeli research and development centers, following similar job…
OPEC+ Delays Supply Restart Again as Crude Prices Struggle
OPEC+ agreed to push back its December production increase by one month, the second delay to its plans to revive…
VW cost cutting necessary after ‘decades of structural problems’, CEO tells paper
Volkswagen’s planned cost-cutting programme was unavoidable in order to remedy “decades of structural problems” at the German carmaker, CEO Oliver…
Volkswagen stumbles in China as Germany’s auto giants struggle to compete in the EV race
Germany’s automotive industry is facing an increasingly difficult outlook. Volkswagen may close factories in Germany for the first time, and…