Auto

General Motors plans to sell its shuttered factory in Lordstown, Ohio, to a company that builds electric trucks.

The move could appease critics who blasted the carmaker for selling the firm and shedding thousands of jobs.

A number of automakers have offered free maintenance programs for over a decade as a way to sweeten the deal on a car lease or purchase.

Japan's top automaker Toyota is reporting a 4% dip in profit for January-March after vehicle sales fell in North America.

The funding puts the overall valuation for Cruise at $19 billion.

Volkswagen's Porsche division says it has agreed with prosecutors to pay a 535 million euro ($598 million) fine for negligent oversight for installing engines that violated emissions norms.

Automaker Ferrari says its profits rose in the first quarter as demand for its luxury sports cars grew strongly, particularly in China.

German automaker BMW says its profits fell 74 percent in the first quarter as earnings were hit by a 1.4 billion-euro ($1.6 billion) set-aside for an expected anti-trust penalty from the European Commission and by higher up-front costs for new technology and factories.

U.S. safety regulators are investigating reports that side curtain air bags can inflate for no reason on some Mazda CX-9 large SUVs.

___ Unemployment hits 49-year low as US employers step up hiring WASHINGTON (AP) — The April U.S. jobs report from the Labor Department showed that solid economic growth is still encouraging strong hiring nearly a decade into the recovery from the Great Recession.

Land deals that will allow Fiat Chrysler to build a new assembly plant in Detroit are expected to cost the city and state about $107 million.

The notice impacts roughly 324,000 trucks in the United States.

Carmaker Fiat Chrysler Automobiles on Friday reported a 47% drop in profits for the first quarter of the year due largely to changes in production, but expressed confidence that new models will help the U.S.-Italian company meet full-year profit targets.

When Chris Williamson was in the market for a new family car, a timely ad and conversations with a co-worker convinced him to try something out of the ordinary.

General Motors is recalling over 368,000 pickups and other trucks worldwide after 19 reports of fires caused by engine block heater cords.

The company’s planned offering increased in size compared to one day earlier, when it said it would seek to raise up to $2.3 billion in a bond and stock sale.