Today is Thursday, Jan. 26, 2017, and the automakers are reporting their financial results for last year.

So far we know that Fiat Chrysler Automobiles reported “record results” in 2016, with adjusted earnings of 6.1 billion euros (about $6.5 billion). Revenue for the company increased slightly in 2016 to more than 111 billion euro ($119.1 billion).

Ford Motor Co. reported 2016 net income of $4.6 billion that dropped by about 38 percent from 2015, largely due to a $2 billion impact because of an accounting change involving the way the company now measures pension obligations.

General Motors' results aren't coming out until next week.

Today, we also learned what kind of profit shares autoworkers will be getting. About 40,000 United Auto Workers with FCA next month will receive average profit-sharing payments of $5,000, according to the company. And Ford's profit sharing? A whopping $9,000 on average for 56,000 UAW workers.

So overall, how did things go? Business columnist Daniel Howes says things really couldn't be better for automakers and our area.

Here's what else we are following today:

More lawsuits against doctor

  • The lawsuit against Dr. Larry Nassar started with 18 women and girls two weeks ago. The case now involves 22 after a new filing Wednesday in federal court.
  • Separately, Nassar is charged with sexually assaulting a girl at his Lansing-area home. He also is charged in federal court with possessing child pornography. He’s locked up without bond.

Sex sting

  • A 39-year-old Trenton man faces up to 20 years in prison after he allegedly tried to arrange a meeting with an underage girl but instead met up with a Macomb County Sheriff's deputy.

The border wall

  • A reality check: U.S. taxpayers will foot the bill, starting with money already in the Department of Homeland Security account that amounts to a small down payment. Then it’s up to the Republican-led Congress to come up with $12 billion to $15 billion more, according to an estimate offered by Senate Majority Leader Mitch McConnell, R-Ky., today from a GOP issues retreat in Philadelphia. Even Paul Ryan said today the U.S. will be paying billions for the wall

What are the odds?

  • Serena Williams is one win away from a record 23rd Grand Slam title after setting up an all-Williams final at the Australian Open. Now the only person standing in her way is her older sister, Venus.
  • "She's my toughest opponent — nobody has ever beaten me as much as Venus has," Serena Williams said. "I just feel like no matter what happens, we've won.

Close encounter

  • A 10-year-old surfer has had a close encounter with a photo-bombing shark that shared a wave with him off an Australian beach. Chris Hasson said he was taking photos of his son Eden riding a wave off Samurai Beach at Port Stephens, 110 miles north of Sydney, on Tuesday when something unexpected and indistinct caught his eye. He discovered he had photographed the face of a twisting shark just below the surface with his son on an apparent collision course.

Celebrating Black History

A record on Wall Street


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