Automotive

DETROIT (AP) — FCA US, formerly known as Chrysler Group, was placed on probation for three years Monday and ordered to pay roughly $300 million for deceiving regulators about diesel emission systems on 101,000 Jeep Grand Cherokees and Ram 1500 trucks

FORT LAUDERDALE, Fla.

DUBAI, United Arab Emirates (AP) — Saudi Aramco announced a $2.65 billion agreement on Monday to acquire Valvoline's global products business, which includes motor oils, transmission fluids, coolants and other automotive maintenance products.

CARACAS, Venezuela (AP) — Ride-sharing apps like Uber, DiDi and Lyft may have driven across much of the globe, but they haven't yet rolled into Venezuela, where U.S. sanctions and years of hyperinflation and other woes made it difficult to operate.

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (19,692.92, up 236.21 points.) UEX Corp. (TSX:UEX). Materials. Up six cents, or 14.46 per cent, to 47.5 cents on 18.1 million shares.

TORONTO — Magna International Inc. said Friday that COVID-19 lockdowns in China and a stronger U.S. dollar relative to other currencies, particularly the euro, negatively impacted the company's second-quarter results.

WASHINGTON (AP) — The House on Thursday passed a $280 billion package to boost the semiconductor industry and scientific research in a bid to create more high-tech jobs in the United States and help it better compete with international rivals, namely

DETROIT (AP) — The surprise deal by Senate Democrats on a slimmed-down bill to support families, boost infrastructure and fight climate change also is likely to jump-start sales of electric vehicles.

WASHINGTON — No one, it seems, saw it coming — not even the federal government in Ottawa.

Police say they've charged 28 people in Ontario and Saskatchewan, including several ServiceOntario employees, following an investigation into the fraudulent modification and sale of hundreds of stolen vehicles.