Fox Business Briefs 5/28
Ford recalls over 1 million U.S. vehicles over rearview camera issue; Jeep-maker Stellantis names America boss as CEO; Macy’s cuts profit outlook; Dollywood crowned 'favorite theme park' in 2024.
GM to pour $888M into building new V-8 engine in New York
General Motors is investing heavily into a New York plant that will produce its next generation of V-8 engines that will go into trucks and SUVs.
Volvo to cut 3,000 jobs amid Trump tariff fight
Volvo is looking to lower costs by cutting thousands of jobs, they announced on Monday. Most of its production based in Europe and China.
Toyota unveils hybrid-only 2026 RAV4: See the SUV inside and out
The 2026 Toyota RAV4 offers hybrid and plug-in hybrid models with improved power, three new designs, and advanced multimedia and safety features.
The Indy 500: These drivers have earned the most career money in the race
Five past winners have claimed the most earnings from the Indy 500. The 109th running of the race will have a purse of up to $20 million.
Bans on gas-powered cars ‘lack common sense,’ GOP lawmaker argues
Sen. Shelley Moore Capito, R-W.Va., discusses Republican efforts to reverse Biden-era electric vehicle mandates on ‘Kudlow.’
IndyCar driver Conor Daly goes racing with ampm for the Indy 500
Conor Daly will have ampm represented on his vehicle as he drives the No. 76 car at the Indianapolis 500 Sunday. He spoke to FOX Business about the partnership
Musk says he plans to remain Tesla CEO for next 5 years
Tesla CEO Elon Musk said at the Qatar Economic Forum that he doesn't plan on leaving his role leading the EV-maker in the next few years. (Credit: Bloomberg TV)
EPA chief targets 'auto start/stop' vehicle tech: 'So many Americans hate it'
Environmental Protection Agency Administrator Lee Zeldin details the Trump administration's aim to eradicate 'forever chemicals,' the freezing of environmental justice grants and getting rid of 'auto start/stop' technology in cars.
EPA 'slush fund': Biden admin doled out $20B to nonprofits, reporter says
The Free Press reporter Madeleine Rowley breaks down how the Biden administration gave $20 billion to eight nonprofits despite reviews flagging conflicts of interest on 'The Bottom Line.'
Volvo recalls more than 450,000 vehicles over backup camera issue
Volvo Cars is recalling more than 400,000 cars in the U.S., as well as over 40,000 in Canada, due to a backup camera issue that increases the risk of a crash.
Fox Business Briefs 5/8
Toyota says tariffs will erase $1.3 billion in profits; Krispy Kreme and Molson Coors withdraw 2025 outlooks; Match cost-cutting plans will result in 13% of its workforce being dumped.
Toyota sees $1.3B profit hit from Trump tariffs in 2 months
Toyota held an earnings press conference, talking about impacts of tariffs by President Donald Trump. The company's earnings look much different from last year.
Fox Business Briefs 5/7
Disney earnings boosted by theme park growth; Weight Watchers files for bankruptcy; EV sales decline in U.S.; Netflix drops 'Squid Game' season 3 trailer.
Miami mayor touts return of F1 Miami Grand Prix to his city
Miami Mayor Francis Suarez discusses the F1 Miami Grand Prix, luxury real estate and cryptocurrency on ‘Varney & Co.’
Congress takes on California's scheduled gas car ban
California's push to phase out and ban sales of gas-powered vehicles by 2035 is facing a challenge from Congress as auto and energy industry critics question the plan's feasibility.
As Trump eases auto tariffs, Mercedes will expand at Alabama plant
Mercedes-Benz’s manufacturing plant in Tuscaloosa, Alabama, will build a new vehicle for the luxury automaker, according to a Thursday announcement.
GM CEO breaks silence over tariff pressure and what it means for your wallet
General Motors CEO Mary Barra shared her expectations for auto tariffs and their potential impacts on the industry, including how the company plans to absorb the earnings impact.
IBM and Scuderia Ferrari debut reimagined app to connect global Formula 1 fans, enhance race experiences
With over 400 million Formula 1 fans around the globe, Scuderia Ferrari and IBM have teamed up to develop a reimagined mobile app to connect them all.
Fox Business Briefs 4/30
Yum Brands posts higher profit; Waymo partner with Toyota; Stanley Black & Decker raises prices; Homebuyers continue to pull back; PepsiCo to remove artificial ingredients.