Monday’s business headlines
INDIANAPOLIS (WISH) – Jane King is in with the latest business headlines.
Gas prices
Gas prices are ticking back up ahead of the Fourth of July.
Triple A says today’s national gas prices average $2.85, which is unchanged in the the last week, down 11 cents in the last month, down 12 cents since Memorial Day and 61 cents higher than this time last year.
In central Indiana, Triple A says the current average is $2.85 a gallon.
A week ago it was $2.72.
Automakers
BMW, General Motors and Hyundai are urging the U.S. not to impose tariffs on auto imports.
BMW and GM says they could lead to job losses and BMWS says its $9 billion South Carolina plant supports more than 20,000 jobs.
China is set to impost an extra 25 percent tariff aon American made cars this week.
Facebook says it gave dozens of companies special access to user data.
This is different than what Facebook had said previously.
The deals with app developers, device and software makers, described in 747 pages of documents released to Congress late on Friday.
Facebook said it had to do that to give developers time to comply with changes in its rules and that some users data was still being shared.
Tesla
Tesla has hit its Model 3 production milestone.
The company says it would be making 5,000 Model 3 vehicles a week by the end of June and according to Reuters and Bloomberg, it hit that number in the early morning hours Sunday.
Tesla is expected to officially announce second-quarter production numbers this week.