Growth in U.S. real gross domestic product slowed to a downwardly revised 2.0% in the second quarter of 2019 from an annualized 3.1% in January-March, according to the Bureau of Economic Analysis.
BEA’s initial second-quarter estimate was 2.1%. The bureau says more complete data revealed stronger consumer spending but weaker exports, private inventory investment, residential investment and spending by state and local governments.
In terms of current dollars, GDP climbed 4.6% in the second quarter from 3.9% in the first period, according to BEA. The bureau will issue final figures for second-quarter performance in late September.
Chinese electric-car startup Nio Inc. is forming a manufacturing joint venture with Beijing E-Town International Investment and Development Co., which is investing 10 billion yuan ($1.5 billion) in the business.
Although the RAV4 has plenty of heritage in the small crossover segment, competition has gotten a whole lot tougher, so Toyota has made significant changes to the fourth-generation model.
According to Sandor Piszar, Chevrolet truck marketing director, “We engineer and build our trucks with customers’ expectations in mind.