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Northern Star

Northern Illinois University’s student media since 1899

 

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The Student News Site of Northern Illinois University

Northern Star

The Student News Site of Northern Illinois University

Northern Star

France steps up investigation around Ghosn, Omani dealership

February 19, 2020

PARIS (AP) — French prosecutors are turning up the heat on disgraced car industry executive Carlos Ghosn, opening a judicial inquiry into alleged money laundering, fraud and misuse of company assets during his time at the helm of the Renault-Nissan...

Nissan shareholders furious at Ghosn scandal, dismal results

By YURI KAGEYAMA | February 18, 2020

TOKYO (AP) — Nissan shareholders vented their outrage at the Japanese automaker's top management Tuesday for crashing stock prices, zero dividends and quarterly losses after the scandal-ridden departure of former Chairman Carlos Ghosn.They got up, one...

Businesses struggle to fix supply chains disrupted by virus

By PAUL WISEMAN, ANNE D'INNOCENZIO, and DAVID KOENIG | February 11, 2020

WASHINGTON (AP) — Chinese authorities are struggling to strike a delicate balance between containing a viral outbreak and restarting the world’s second-biggest economy after weeks of paralysis.As the death toll from the newly named COVID-19 illness...

Daimler profits slump as auto industry comes under pressure

By DAVID McHUGH | February 11, 2020

FRANKFURT, Germany (AP) — Daimler AG, maker of Mercedes-Benz cars, saw profit slump in 2019 and turned in a loss for the fourth quarter, underlining the pressures on the auto industry from economic headwinds and the need to invest in electric cars to...

Administration ends antitrust probe of 4 automakers, Calif.

By MARCY GORDON and MICHAEL BALSAMO | February 7, 2020

WASHINGTON (AP) — The Trump administration has ended its antitrust probe into a deal between California and four of the world's biggest automakers, after failing to find that the companies' conduct violated the law.The Justice Department's investigation,...

Virus impact: Automakers look at restarting China operations

By JOE McDONALD | February 5, 2020

BEIJING (AP) — Automakers are considering whether to resume operations in China amid efforts to contain a virus outbreak, but the impact is spreading for many other companies.Retailers are closing shops and big tech companies are canceling presentations...

Ford full-year profit plunges on slower sales, pension costs

By TOM KRISHER | February 4, 2020

DETROIT (AP) — Ford Motor Co.'s profit last year plunged by more than $3.6 billion, weighed down by slowing U.S. sales, the cost of a botched SUV launch and some big pension expenses.The Dearborn, Michigan, automaker said Tuesday it made $47 million...

Tesla stock is soaring. Madness or visionary investing?

By TOM KRISHER and CATHY BUSSEWITZ | February 4, 2020

DETROIT (AP) — Eight months after it seemed headed for the corporate junkyard, Tesla is now worth more than General Motors, Ford and Fiat Chrysler combined, even though the Big Three together sell more cars and trucks in two weeks than Tesla does in...

Wisconsin court: Bid to recover smuggled car can continue

By TODD RICHMOND | February 4, 2020

MADISON, Wis. (AP) — An attempt to recover a rare car that thieves smuggled from Milwaukee to Europe more than a decade ago can continue, the Wisconsin Supreme Court ruled Tuesday.According to court documents and Milwaukee Journal Sentinel newspaper...

UK boosts climate effort by banning new gas vehicles by 2035

By JILL LAWLESS | February 4, 2020

LONDON (AP) — Britain announced Tuesday that it plans to ban the sale of new gas and diesel cars by 2035 — five years earlier than its previous target — in a bid to speed up efforts to tackle climate change.The announcement was timed to coincide...

UK automakers report drop in investment, production

By DANICA KIRKA | January 30, 2020

LONDON (AP) — British auto production dropped for a third straight year in 2019, as carmakers continued to hold off on investment amid uncertainty over the country's departure from the European Union.The anemic figures announced Thursday by the Society...

French carmaker to evacuate workers from China amid outbreak

By ELAINE GANLEY | January 25, 2020

PARIS (AP) — France and a major automaker said Saturday that they are moving to get citizens out of a locked-down Chinese city where a deadly outbreak of a new virus originated and has spread worldwide.French automaker PSA Group says it will evacuate...