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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jul 04, 2017
Page
3
June sales fell 7 percent at Fiat Chrysler Automobiles, 5.1 percent at Ford, and 4.7 percent at General Motors as the sector enters a sixth straight month of decline. Ford SUV sales held up but could not offset a 23 percent drop in car sales.
Tesla Chief Executive Elon Musk announced the Model 3 will begin production two weeks early and deliver the first 30 cars on July 28 with a target price around 35000 dollars before a 7500 dollar federal tax credit. Monthly output aims for 100 in August and over 1500 in September, with a goal of 20000 monthly by December if conditions allow.
U S stocks climbed as banks led gains amid rising interest rates and energy shares rallied with higher oil. Auto sales beat expectations and a robust factory report supported markets while the Nasdaq slipped from a six week low. S P 500 rose to 2429.02. Dow inched up to 21479.27. Russell hit a record 1426.68. Nasdaq fell to 6110.06.
Michigan Supreme Court declines to weigh in on a 2011 Bay City parking lot injury suit against Menards. The case stems from Virginia Rawluszki’s death after a pickup struck her cart, with arguments over the open and obvious risk and the need for crosswalk traffic controls. The ruling lets an appeals court decision stand, sending the matter back for trial or settlement.
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