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Ford tries to ease glut of unfinished vehicles

The new strategy comes as General Motors and Stellantis add downtime at their assembly plants because of the shortage, which AutoForecast Solutions last week estimated could cost the industry 6.3 million vehicles globally, including nearly…

Cool, combative and holding firm on SolarCity

Elon Musk was cool but combative as he testified in a Delaware courtroom that Tesla Inc.’s more than $2 billion acquisition of SolarCity in 2016 wasn’t a bailout of the struggling solar provider. Musk said he “definitely” did not have any…

Ford China Q2 sales dip 3.6% behind chip crunch

The severe chip shortage that has disrupted light-vehicle output worldwide put a dent in second-quarter China sales at Ford Motor Co. and its two joint ventures, with volume dropping 3.6 percent from a year earlier to 152,885 vehicles.…

VW Group CEO Diess gets contract extension

FRANKFURT -- Volkswagen Group CEO Herbert Diess received a contract extension under which he will lead the automaker until October 2025. Diess will remain in his post until his 67th birthday, VW said in a statement on Friday. Diess and his…