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Automotive

Nissan's profits plunge on COVID lockdown, chips crunch

Nissan's profits plunge on COVID lockdown, chips crunch

TOKYO (AP) — Japanese automaker Nissan's profit plunged in the last quarter to less than half of what it was a year earlier as the COVID-19 lockdown in China and a global semiconductor shortage slammed production. Nissan Motor Co.
Pope in Quebec and Gun buyback prices: In The ߣÄÌÉçÇø for July 28, 2022

Pope in Quebec and Gun buyback prices: In The ߣÄÌÉçÇø for July 28, 2022

In The ߣÄÌÉçÇø is a roundup of stories from The Canadian Press designed to kickstart your day. Here is what's on the radar of our editors for the morning of Thursday, July 28, 2022 ... What we are watching in Canada ...
Rejected by courts, retirees take last shot to save pensions

Rejected by courts, retirees take last shot to save pensions

WASHINGTON (AP) — Dave Muffley thought he had it made when it came to a solid retirement. The Indiana man spent roughly 30 years as a salaried maintenance technician for Delphi Corp., a subsidiary of General Motors Corp.
The Latest on the Pope's visit to Canada

The Latest on the Pope's visit to Canada

Pope Francis is on a six-day tour of Canada aimed at reconciliation with Indigenous Peoples for the Roman Catholic Church's role in residential schools. Here are the latest developments on his stops today (all times are ET): — 7:35 p.m.
Senate passes bill to boost computer chip production in US

Senate passes bill to boost computer chip production in US

WASHINGTON (AP) — A bill designed to encourage more semiconductor companies to build chip plants in the United States passed the Senate on Wednesday as lawmakers raced to finish work on a key priority of the Biden administration.
Edmunds: 5 electric SUVs for almost any budget

Edmunds: 5 electric SUVs for almost any budget

In the early days of the modern electric vehicle, or EV, your choices were largely limited to a few range-compromised models or an expensive Tesla on the high end.
Germany to reduce government incentives to buy electric cars

Germany to reduce government incentives to buy electric cars

BERLIN (AP) — The German government plans to reduce incentive payments for buyers of electric cars and end subsidies for buying plug-in hybrids at the end of this year.
Global stocks, oil prices higher before likely US rate hike

Global stocks, oil prices higher before likely US rate hike

BEIJING (AP) — Major global stock markets and Wall Street futures advanced Wednesday as traders prepared for a possible sharp interest rate hike by the Federal Reserve to cool surging inflation. London and Frankfurt opened higher.
Rising food, rent costs eat into young professionals' disposable income

Rising food, rent costs eat into young professionals' disposable income

With inflation at a nearly 40-year high, Canadians are feeling the financial strain. In a six-part series this summer, The Canadian Press is speaking to people at different stages of life to see where they’re being hit the hardest.
Asian stocks follow Wall St lower before likely US rate hike

Asian stocks follow Wall St lower before likely US rate hike

BEIJING (AP) — Asian stock markets followed Wall Street lower Wednesday as traders prepared for a possible sharp interest rate hike by the Federal Reserve to cool inflation. Shanghai, Hong Kong and South Korea declined. Tokyo and Sydney advanced.
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