David McHugh

AP Business Writer
Latest in Home
Row of yellow school buses parked in a line with bare trees in background
Blue Bird to Invest $300M to Make More Buses in Georgia
October 21, 2026
Industrial manufacturing facility with blue CNC machines and Sena CutSend signage on warehouse wall
SendCutSend Announces Another U.S. Factory; 309 New Jobs
October 21, 2026
Man drinking from a Pepsi bottle against a cloudy sky with Manufacturing Now branding
PepsiCo Shuts Down Tennessee Bottling Plant
October 21, 2026
SpaceX Falcon 9 rocket launches from coastal launch pad with bright engine flames and white smoke clouds against cloudy sky
SpaceX Records Big Profits as Musk Hints at Possible Tesla Merger
October 21, 2026
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More from David McHugh
Bundles of copper cables sit at a plant that produces parts for large electric vehicles in Mexico City, on April 2, 2025.
Supply Chain
World's Supply of Critical Minerals for Clean Energy Concentrated in Fewer Countries
Without access to reserves, U.S. manufacturers have a harder time competing.
May 21, 2025
President Donald Trump waves to the media as he walks on South Lawn of the White House, in Washington, Sunday, March 9, 2025.
Trade
Evaluating Canada's, EU's Swift Retaliation to Trump's Steel, Aluminum Tariffs
What will actually happen?
March 13, 2025
President Joe Biden speaks after greeting reporter Evan Gershkovich, Alsu Kurmasheva and Paul Whelan at Andrews Air Force Base, Md., following their release as part of a 24-person prisoner swap between Russia and the United States, Aug. 1, 2024.
Laws & Regulations
Biden Levies New Sanctions Against Russian Energy Sector
But it's up to Trump to keep them.
January 13, 2025
The headquarters of car maker Volkswagen is shown in Wolfsburg, Germany, Thursday, Dec. 9, 2021.
Automotive
Volkswagen Aims to Cancel No-Layoffs Pledge, Won't Rule Out Closing Plants
The company said early retirements and buyouts might not be enough.
September 3, 2024
Former Volkswagen Group CEO Martin Winterkorn stands in a hall of the Braunschweig Regional Court in Brunswick, Germany, Tuesday, Sept. 3, 2024.
Laws & Regulations
Former VW Boss Winterkorn Goes on Trial Over Diesel Cars Rigged to Cheat on Emissions Tests
The diesel scandal had wide-ranging consequences for the company and the auto industry.
September 3, 2024
An oil tanker is moored at the Sheskharis complex, part of Chernomortransneft JSC, a subsidiary of Transneft PJSC, in Novorossiysk, Russia, on Oct. 11, 2022. A Russian official says the country will will cut oil production by 500,000 barrels per day next month in response to the West capping the price of its crude over the war in Ukraine. According to multiple Russian news media reports, Deputy Prime Minister Alexander Novak said Friday, Feb. 10, 2023 that “we will not sell oil to those who directly or indirectly adhere to the ’price ceiling.''
Energy
Russia Announces Cut to Oil Output
The impact is an open question as a slowing global economy reduces the thirst for oil.
February 10, 2023
Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), speaks during an interview with The Associated Press in Berlin, Germany, Tuesday, Nov. 29, 2022.
Supply Chain
IMF Urges China to End Mass Lockdowns
'Zero-COVID' is wreaking havoc on international supply chains.
November 29, 2022
CEO of Porsche car maker Oliver Blume kneels next to Porsche cars at the start of Porsche's market listing at the stock market in Frankfurt, Germany, Thursday, Sept. 29, 2022.
Automotive
Porsche European IPO One of Largest in History
And parent company Volkswagen has big plans for the money.
September 29, 2022
A worker cooks burgers at Zing Burger store in Budapest, Hungary, Monday, Sept. 12, 2022. Richard Kovacs, a business development manager for the Hungarian burger chain, said some of the chain's 15 stores have seen a 750% increase in electricity bills since the beginning of the year – leading to additional monthly costs of up to 1.5 million Hungarian forints ($3,840) per store.
Energy
Europe Preps for Winter Energy Crisis
Governments have worked hard to find new supplies and conserve energy.
September 26, 2022
In this handout photo released by Ukrainian Emergency Service, a burnt car is seen in front of a damaged City Hall building, in Kharkiv, Ukraine on March 1, 2022.
Economics
Economic Fallout from Russia's War Ripples Across the Globe
Even before Putin’s troops invaded Ukraine, the global economy was straining under a range of burdens.
March 2, 2022
The International Energy Agency says all 31 member countries have agreed to release 60 million barrels of oil from their strategic reserves “to send a strong message to oil markets” that there will be “no shortfall in supplies” as a result of Russia’s invasion of Ukraine. The IEA board made the decision Tuesday, march 1, 2022 at an extraordinary meeting of energy ministers chaired by U.S. Energy Secretary Jennifer Granholm.
Operations
IEA Nations Agree to Release 60M Barrels of Oil Amid Russian War
Sending a strong message to oil markets that supplies won't fall short following the invasion.
March 2, 2022
In this April 8, 2020 file photo, the sun sets behind an idle pump jack near Karnes City, USA. The 23-member OPEC+ group, led by member Saudi Arabia and non-member Russia, meets online to decide production levels from February. Analysts say the group is likely to add 400,000 barrels per day, sticking with the road map they have followed since August to add back that much oil each month.
Energy
OPEC, Allies to Decide Oil Output Amid Omicron Spike
U.S. oil prices plunged as low as $65 per barrel after the first reports about the ultra-contagious omicron variant.
January 4, 2022
In this June 7, 2017 file photo, the Organisation for Economic Co-operation and Development (OECD) headquarters is pictured in Paris, France. Nearly 140 countries have agreed on a tentative deal that would make sweeping changes to how big, multinational companies are taxed in order to deter them from stashing their profits in offshore tax havens where they pay little or no tax. The agreement announced Friday foresees countries enacting a global minimum corporate tax of 15% on the biggest, internationally active companies.
Economics
130+ Countries Reach Deal on Minimum Corporate Tax
But the deal faces several hurdles before it can take effect.
October 12, 2021
I Stock 1257773840
Energy
OPEC Says Oil to Remain World's Top Energy Source Through 2045
The cartel says electric cars and alternative energy will reduce demand in rich countries, but expanding economies will still rely on the fossil fuel.
September 28, 2021
In this March 22, 2019 photo, containers are unloaded by a freighter at the Eurokai terminal (Eurogate) in the port of Hamburg, Germany.
Supply Chain
Shortages Giving German Manufacturing a 'Bottleneck Recession'
Widespread friction in supply chains sent a closely watched index of German business optimism lower for the third month in a row.
September 24, 2021