Maybe we can't buy — but we can look. The best thing about an auto show is the chance to gawk at and sit in cars most people can't afford. So here's a look at eight of the most striking and expensive new vehicles on display at the Frankfurt Auto Show. The show opens to the public Saturday and runs through Sept. 22; admission is 13 euros during the week, 15 euros on weekends.
BP has urged a federal judge to reject a $111 million budget request by the court-supervised administrator of the company's multibillion-dollar settlement with Gulf Coast businesses and residents following its 2010 Gulf oil spill. In a court filing, BP attorneys said claims administrator Patrick Juneau refused to cut his office's fourth-quarter budget request by at least $25.5 million after the company complained that it was excessive.
A jury has awarded a Maine man $489,000 for injuries he suffered while performing welding work at a trash-to-energy plant. Attorney Peter Clifford says a York County Superior Court jury on Wednesday awarded damages to 48-year-old Joseph Bordeau, from the western Maine town of Mexico.
A jury in Cleveland has rejected a claim by commercial truck dealers that Ford Motor Co. overcharged them over an 11-year period by offering discounts to other dealerships. The jury returned the verdict Wednesday in the class-action lawsuit filed by Westgate Ford Truck Sales of Youngstown in 2002.
The number of Americans seeking unemployment benefits plummeted last week 31,000 to a seasonally adjusted 292,000. But the drop was mostly because of technical issues in two states that delayed the processing of applications. The Labor Department said Thursday that the less volatile four-week average fell to 321,250, the lowest in six years.
The big SUV rolls on. Five years ago, when gas hit $4 per gallon, auto industry analysts boldly predicted that enormous SUVs would vanish like the automobile tail fin. On Thursday, General Motors is unveiling a completely redesigned lineup of its truck-based SUVs, three-ton behemoths that are still popular with drivers hauling around boats, campers and large families, or who like to sit high or feel safer in a heavy vehicle.
The fastest-growing car brand in the European Union was never even supposed to be sold there. Dacia, the Romanian subsidiary of French manufacturer Renault, sells low-cost cars. Really low-cost cars — in some cases, 50 percent cheaper than rival models.
Dell Inc. will end its quarter-century history as a publicly traded company and try to engineer a turnaround away from the prying eyes of Wall Street following shareholders' approval Thursday of a $24.8 billion buyout offer from the company's founder.
An executive with G.S. Electech has been charged with conspiracy to rig bids and fix prices for automobile antilock brake parts installed in American cars. A federal grand jury in Covington, Ky., on Wednesday indicted Shingo Okuda, who is accused of agreeing to coordinate bids and fix prices of automotive parts submitted to Toyota.
Johnson Controls Inc.'s auto parts unit plans to open 11 new manufacturing sites in China during the next few years to handle expected growth. The company's Plymouth, Mich., Automotive Experience unit, which makes seats, electronics and interiors, now has 57 sites in China. The company said in a statement Thursday that the expansion comes after 16 years of continuous growth.
Daimler Vans Manufacturing said that it will expand its existing facility in Charleston County. The more than $4.6 million investment is expected to generate at least 60 new jobs. “South Carolina has provided our company with an excellent environment for doing business and a talented workforce. We appreciate all the support we’ve received from state and local officials,” said Marco Wirtz, president and CEO of Daimler Vans Manufacturing.
Southwest Fastener has agreed to acquire The Bolt Company of New Mexico (The Bolt Company) under the terms of the agreement on September 10th, 2013. The acquisition combines two highly compatible fastener industry companies, and strengthens the presence of Southwest Fastener in the Albuquerque and in the state of New Mexico.
A majority of workers at Volkswagen's assembly plant in Tennessee have signed cards favoring the union's representation in creating a German-style works council at the plant, a top United Auto Workers official said. A Tennessee-based regional director for the UAW, told The AP that the cards include a statement about wanting to join VW's Global Works Council and supporting cooperative and collaborative relations with the company.
The government is getting closer to selling all of its General Motors Co. stock. The Treasury Department said in its August report to Congress that it sold $811 million worth of GM common stock last month. The report dated Tuesday says the government has recovered about $35.4 billion of the $49.5 billion bailout it gave the Detroit automaker.
North and South Korea agreed Wednesday to restart operations at a jointly run factory park that Pyongyang shut down in April during a torrent of threats, the latest sign of easing animosity between the rivals. Wariness, however, still lingers in Seoul and Washington over Pyongyang's springtime provocations.
Buffalo's steel-making history helped the city land a $102 million factory that will produce pipes for the oil and gas industry and create 172 jobs, according to the president of the Dubai-based manufacturer. Gov. Andrew Cuomo said Tuesday that economic incentives for the project, which had been considered for Houston, include $2 million in funding from the sale of unallocated hydropower and up to $6.4 million in tax credits.
Nissan Motor Co. says its revamped Rogue SUV will be cheaper and more fuel-efficient than its rivals when it goes on sale in the U.S. in November. Nissan unveiled the 2014 Rogue Tuesday at its North American technical center near Detroit. The Rogue's European counterpart, the X-Train, was revealed at the same time at the Frankfurt Auto Show in Germany.
Union workers at the Oshkosh Corp. voted Tuesday to reopen contract extension talks with the company to help win a military contract. United Auto Workers Local 578 President Joe Preisler confirmed the vote in a text to Oshkosh Northwestern Media. The union did not release vote totals.
U.S. employers advertised fewer jobs in July but hired more workers, a mixed sign that suggests only modest improvement in the job market. Job openings fell 180,000 in July to 3.7 million, the Labor Department said Tuesday. That's down from 3.9 million the previous month, which was revised lower.
Volkswagen would become a "laughingstock" if it goes through with a deal to have the United Auto Workers represent workers at its Tennessee plant, U.S. Sen. Bob Corker said Tuesday. The Tennessee Republican told The Associated Press in a phone interview that he was dismayed when VW last week sent a letter to employees regarding its discussion with the UAW about creating a German-style works council at the Chattanooga plant.