DETROIT (AP) — Hot sales of small and midsize SUVs drove auto sales higher last month as General Motors, Ford, Toyota, Fiat Chrysler and Nissan all reported U.S. sales gains.
Several of the companies reported their best April totals in years. Overall, sales were mostly in line with analysts' predictions of a 6 percent increase compared with a year ago. All automakers were scheduled to report sales on Friday.
DETROIT (AP) — Encouraged by lower gasoline prices, consumers in the U.S. spent big in the first quarter on vehicles that carry lots of passengers and cargo — and deliver hefty profit margins for General Motors.
The chair of the Senate Energy and Natural Resources Committee will introduce legislation to lift the 40-year-old ban on crude oil exports this year, she told industry leaders Monday.
"I plan to introduce a bill that fully repeals our nation’s outdated export ban, while still preserving the emergency authority of the President,” Sen. Lisa Murkowski, R-Alaska, said at the IHS CERAWeek conference in Houston.
DETROIT (AP) — General Motors will stop making the Chevrolet Volt for four weeks in June and July due to slow sales and to deal with the change to an all-new version of the gas-electric hybrid car.
The company says the Detroit-Hamtramck plant that makes the Volt and four other cars will probably stay open through the summer despite plans for the Volt. The factory also is undergoing construction so it can build a new full-size Cadillac CT6 and the 2016 Volt starting late in the summer.
The Justice Department told a federal judge that it could take up to two months to formally publish the Environmental Protection Agency's final Clean Power Plan in the Federal Register, a development that would further delay legal action against the rules, The Hill reports.
Some Alaska native leaders remain undeterred by warnings of more extreme weather from a changing climate, with most in the North Slope region embracing expanded oil and gas development both onshore and in Arctic waters, E&E reports.
The administration of Michigan Gov. Rick Snyder, a Republican, intends to develop a compliance plan for the Environmental Protection Agency's Clean Power Plan and will not join current legal challenges to the rule, the Lansing State Journal reports.
Four environmental groups plan to launch a multi-million-dollar ad campaign against four Republican senators up for reelection in 2016 who opposed carbon regulations: Rob Portman of Ohio, Richard Burr of North Carolina, Pat Toomey of Pennsylvania and Ron Johnson of Wisconsin, The Hill reports.
Russian Deputy Prime Minister Arkady Dvorkovich said his country doesn't plan "significant cuts" to its oil production to help stabilize global prices, but output could decrease if prices continue to dwindle, Reuters reports.
Oil prices slid 8 percent Monday morning, reversing gains from a day earlier, as concerns mounted that China's manufacturing sector is contracting at the fastest rate in three years, Reuters reports. U.S. crude was down $3.91 to $45.92 per barrel and Brent crude fell $4.32 to $49.83 a barrel.