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AP California News

Ford cuts 2024 earnings guidance due to warranty costs and slow pace of cost cutting

AP Auto Writer DETROIT (AP) — Stubbornly high warranty expenses and lagging cost-cutting efforts are holding back Ford Motor Co.’s profits this year, causing the company to lower its full-year earnings guidance. That pushed the company’s stock price down 6% in trading after Monday’s closing bell. The Dearborn, Michigan, automaker, which reported third-quarter earnings Monday,

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Iranian-German prisoner Jamshid Sharmahd, who lived in US, executed in Iran over terror conviction

Associated Press DUBAI, United Arab Emirates (AP) — Iranian-German prisoner Jamshid Sharmahd, who was kidnapped in Dubai in 2020 by Iranian security forces, has been executed in Iran after being convicted on disputed terror charges, the country’s judiciary reported Monday. Sharmahd, 69, was one of several Iranian dissidents abroad in recent years either tricked or

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