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Sergio Marchionne, a charismatic and demanding leader who engineered two long-shot corporate turnarounds to save both Fiat and Chrysler from near-certain failure, died Wednesday.

General Motors, facing rising commodity costs in a trade showdown with Europe and elsewhere, cut its outlook for the year.

The new head of Fiat Chrysler (FCA) brings an engineer’s precision and a successful manager’s administrative skill to the challenge of filling Sergio Marchionne’s shoes.

Fiat Chrysler Automobiles has lowered its full-year targets after second-quarter profits sank by 35 percent, but confirmed the carmaker had eliminated its net industrial debt.

Marchionne combined Fiat and Chrysler, two strugging automakers, and built them into the world's seventh-largest automaker.

The European Union says it's ready to retaliate against the United States with tariffs on products worth $20 billion if President Donald Trump puts duties on cars and auto parts from Europe.

___ US announces billions to help farmers hurt by Trump tariffs WASHINGTON (AP) — The Trump administration is announcing a $12 billion program to aid farmers who have been hurt by the president's trade disputes with China and other U.S. trading partners.

The Licensed Taxi Drivers' Association of London have growing frustration with the presence of Uber in its city, and is considering legal action to mitigate its financial losses.

The new business will be based primarily in Detroit.

The Switchblade’s first public flight will take place in several months.

PSA Group, the maker of Peugeot and Citroen cars, is doing what General Motors failed to do in 20 years: make the mass market brands Opel Vauxhall profitable.

Fiat Chrysler's quarterly report will be the first under CEO Mike Manley, who abruptly replaced Sergio Marchionne.

U.S. stocks edged lower in early trading Monday as losses in technology companies and retailers outweighed gains elsewhere.

Shares in Fiat Chrysler Automobiles have dropped 4 percent in the first trading since news that the Italian-American automaker's longtime CEO, Sergio Marchionne, has been replaced unexpectedly due to complications from surgery.

___ NY Daily News slashes newsroom staffing in half NEW YORK (AP) — Half of the newsroom staff at the New York Daily News is being laid off, including the paper's editor in chief.

A union official who helped negotiate a contract with Fiat Chrysler and was charged with accepting luxuries worth tens of thousands of dollars has pleaded guilty to conspiracy.

The companies replaced Sergio Marchionne as CEO due to health reasons.