Automotive industry regulation

FILE - In this Tuesday, Sept. 10, 2019 file photo Ola Kaellenius, CEO of the car manufacturer Mercedes, stands next to a 'Vision EQS' car at the IAA Auto Show in Frankfurt, Germany. On Tuesday, Feb. 11, 2020 Daimler AG, maker of Mercedes-Benz cars, issues fourth-quarter and full year earnings and provides business update at news conference. (AP Photo/Michael Probst, file)
February 11, 2020 - 4:37 am

Daimler Profits Slump As Auto Industry Comes Under Pressure

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 meet tougher European Union limits on greenhouse...
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February 07, 2020 - 3:15 pm

Administration Ends Antitrust Probe Of 4 Automakers, Calif.

WASHINGTON (AP) — The Trump administration has ended its antitrust probe into a deal between California and four big automakers, after failing to find that the companies' conduct violated the law. The Justice Department's investigation, which started last fall, had aimed to determine whether...
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Britain's Prime Minister Boris Johnson launches the upcoming UK-hosted COP26 UN Climate Summit that will take place in autumn 2020 in Glasgow, Scotland, during an announcement in London Tuesday Feb. 4, 2020. Johnson is expected to announce a target to stop selling new petrol and diesel vehicles by 2035, including hybrid vehicles for the first time. (Jeremy Selwyn/Pool via AP)
February 04, 2020 - 6:13 am

Uk Boosts Climate Effort By Banning New Gas Vehicles By 2035

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 with the launch of Britain's plans for the United...
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FILE - In this Wednesday, Feb. 6, 2019 file photo the logo of Daimler is photographed on a car in Frankfurt, Germany, Wednesday, Feb. 6, 2019. The maker of Mercedes-Benz luxury cars says its earnings fell by about half last year. (AP Photo/Michael Probst, file)
January 22, 2020 - 4:36 am

Automaker Daimler Sees Full-Year Earnings Sag By Half

FRANKFURT, Germany (AP) — Germany's Daimler AG, maker of Mercedes-Benz cars, saw its operating earnings fall by half in 2019 as its flagship luxury brand saw lower profits in a tougher global auto market. The Stuttgart-based company said in a statement that operating earnings fell to 5.6 billion...
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January 14, 2020 - 4:44 pm

Trump Administration Signals Compromise On Gas Mileage Rules

DETROIT (AP) — The Trump administration is signaling that it could increase fuel economy standards, possibly compromising on its push to freeze them at 2020 levels. In one of the administration's hardest-fought battles to roll back Obama-era environmental regulations, two federal agencies submitted...
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In this Friday, Dec. 20, 2019, photo, Neda Deylami poses for a portrait while charging her electric vehicle at a Chicago area grocery store. Owners of electric vehicles in a number of states will start seeing fees to pay for road repairs in the new year. At least eight states will begin charging new or higher registration fees Wednesday, Dec. 25, for electric vehicles or plug-in hybrids. "It's kind of a blanket penalty for anyone who chooses to go electric," said Deylami, a Tesla owner who founded Chicago for EVs, a group that advocates for electric vehicles. (AP Photo/Charles Rex Arbogast)
December 29, 2019 - 7:31 am

States Charge More For Electric Cars As New Laws Take Effect

The new year will bring new charges for some owners of electric vehicles, as an increasing number of states seek to plug in to fresh revenue sources to offset forgone gas taxes. In Hawaii, the charge will be $50. In Kansas, $100. In Alabama and Ohio, $200. New or higher registration fees go into...
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FILE - In this Dec. 2, 2019, file photo, Nissan Chief Executive Makoto Uchida speaks during a press conference at the automaker's headquarters in Yokohama, near Tokyo. Japanese securities regulators are recommending that automaker Nissan be fined 2.4 billion yen ($22 million) for the under-reporting of compensation of its former chairman, Carlos Ghosn. The Securities and Exchange Surveillance Commission said Tuesday, Dec. 10, 2019, it made the recommendation to the government's Financial Services Agency. (AP Photo/Eugene Hoshiko, File)
December 10, 2019 - 4:26 am

Japanese Regulators Recommend $22 Million Fine On Nissan

TOKYO (AP) — Japanese securities regulators are recommending that automaker Nissan be fined 2.4 billion yen ($22 million) for under-reporting compensation for its former chairman, Carlos Ghosn. The watchdog, the Securities and Exchange Surveillance Commission, said Tuesday it made the...
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Fidel Farrell works in his office at Super Class Radio Dispatch in the Bronx borough of New York, Tuesday, Nov. 26, 2019. In low-income New York neighborhoods with no yellow cabs and sometimes sparse public transportation residents who lack smart phones or credit cards have relied on livery cab companies for years, but the business is dwindling rapidly, with more than 100 livery cab bases closing their doors since 2015. AP Photo/Seth Wenig)
November 30, 2019 - 4:58 am

In Ride-Hail Boom, Livery Cabs Feel Squeezed And Forgotten

NEW YORK (AP) — In the outer boroughs and low-income neighborhoods of New York City, where yellow cabs rarely go and sometimes public transportation is sparse, residents have relied on livery cabs for years, but the business is dwindling rapidly. According to the city Taxi and Limousine Commission...
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Perry Santillo walks outside the federal courthouse in Scranton, Pa., Monday, Nov. 4, 2019, after pleading guilty to a federal fraud charge. Prosecutors say Santillo masterminded a Ponzi scheme that took in more than $115 million from investors around the country. (AP Photo/Michael Rubinkam)
November 04, 2019 - 2:31 pm

Ponzi Schemer 'king Perry' Pleads Guilty; Had Lived Lavishly

SCRANTON, Pa. (AP) — The fraudster called himself "King Perry," and for a while he lived like royalty. Perry Santillo masterminded a long-running investment scam that collected more than $115 million from 1,000 investors around the country, using some of the proceeds to fund a lavish lifestyle of...
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FILE - In this Oct. 26, 2018, file photo, downtown Los Angeles is shrouded in early morning coastal fog and smog. General Motors, Fiat Chrysler, Toyota and many others in the auto industry are siding with the Trump administration in a lawsuit over whether California has the right to set its own greenhouse gas emissions and fuel economy standards. (AP Photo/Richard Vogel, File)
October 29, 2019 - 11:47 am

Automakers Side With Trump In Legal Fight With California

WASHINGTON (AP) — General Motors, Fiat Chrysler, Toyota and 10 smaller automakers are siding with the Trump administration in a lawsuit over whether California has the right to set its own greenhouse gas emissions and fuel economy standards. The companies said Monday they will intervene in a...
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