Business Highlights
___ 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.
Detroit reaches land deals for new Fiat Chrysler plant plan
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.
GM recalls 368,000 trucks for engine block heater fire risk
The notice impacts roughly 324,000 trucks in the United States.
Fiat Chrysler expects improvements after weak first quarter
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.
Car-sharing apps' rising US popularity fuels tax debate
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.
GM recalls trucks due to engine block heater cord fires
General Motors is recalling over 368,000 pickups and other trucks worldwide after 19 reports of fires caused by engine block heater cords.
Tesla CEO Elon Musk to buy $25M in stock as company aims to raise $2.7B
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.
'Death traps': Parents of limo crash victims urge new laws
Parents of people killed in recent limousine crashes in New York state urged legislators Thursday to pass tougher safety regulations to get unsafe vehicles and operators off the road.
Ford to open truck owner-oriented call center in Houston
Ford Motor Company plans to open a customer service call center in Houston that will mean about 500 jobs.
Volkswagen earnings upbeat despite diesel scandal charges
German automaker Volkswagen saw operating profit slip in the first quarter as the company set aside 1 billion euros for legal issues but reaffirmed its profit goals for the year and saw better profits at its core brand.
Tesla plans to raise $2.3 billion new capital
Shares of the electric-car maker climbed on the news.
Gas prices near $3 in these states as US average hits 2019 high
The national average has risen more than 63 cents so far this year.
What competition for self-driving vehicle technology
The self-driving revolution
What your car says about your credit score
For most vehicles, a score between 670 and 739 is enough to receive approval for an auto loan.
Here's how to get Amazon deliveries to your Ford car
General Motors and Volvo already offer the service from the e-commerce giant.
Tesla CEO Elon Musk giving mixed signals on need for financing: Sources
Tesla may face higher financing costs and growing questions over Morgan Stanley's and Goldman Sachs's banking relationships with the electric car maker.
Toyota to begin producing Lexus NX in Canada in 2022
The decision comes as GM and Fiat Chrysler exit the region.
How much your $100K car will depreciate over time
Cars can lose as much as 10 percent of their value within just the first month.
Vacant land becoming asset as development returns to Detroit
When Fiat Chrysler began considering where to build its next assembly plant, the automaker didn't have to look far to find land.
US stocks close higher as S&P 500, Nasdaq hit new highs
A government report showing solid economic growth and a mixed bag of corporate earnings sent U.S. stocks sideways in early trading Friday on Wall Street.