Automotive

DETROIT (AP) — The Chevrolet Malibu, the last midsize car made by a Detroit automaker, is heading for the junkyard.

NEW YORK (AP) — Stocks are drifting again on Wall Street. The S&P 500 was little changed early Thursday, the Dow Jones Industrial Average slipped 0.1%, and the Nasdaq composite was up 0.1%.

BUDAPEST, Hungary (AP) — Chinese President Xi Jinping received a ceremonial welcome in Hungary's capital on Thursday ahead of a day of talks with Hungarian officials which are expected to result in further Chinese investments in the Central European

TOKYO (AP) — Nissan’s profit for the fiscal year through March jumped 92% to 426.6 billion yen ($2.7 billion) as sales grew in all major global markets except China, the Japanese automaker said Thursday. Annual sales surged nearly 20% to 12.

HONG KONG (AP) — Asian shares were mixed on Thursday after Wall Street’s lull stretched into a second day, with Chinese benchmarks rising after China reported better than expected trade figures for April. U.S.

GUELPH, Ont. — Linamar Corp. says earnings were up in its first quarter from last year as revenue rose on market share growth and acquisitions. The auto parts manufacturer says it had net income of $178.

TORONTO — Shares of tech heavyweight Shopify fell almost 19 per cent Wednesday, weighing on Canada's main stock index, while U.S. markets were mixed. The S&P/TSX composite index closed down 31.46 points at 22,259.16.

Israeli forces have seized the Gaza side of the Rafah border crossing with Egypt, pressing their offensive into the southern city on Tuesday. The closed border means U.N.

MONTREAL — The Lion Electric Co. says it lost US$21.7 million in its latest quarter compared with a loss of US$15.6 million in the same quarter last year as it faced higher manufacturing costs related to the ramp up of new products.

TOKYO (AP) — Toyota doubled its net profit in the fiscal year that ended in March, as strong vehicles sales and a favorable exchange rate lifted results for Japan’s top automaker. Toyota Motor Corp.'s annual profit totaled 4.9 trillion yen ($31.