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Tesla to idle Shanghai factory for Model 3 upgrade

Tesla Inc. will halt some production at its Shanghai factory until the end of February, as it upgrades the facility to start rolling out a revamped version of the Model 3 sedan in the competitive Chinese market. The plant has two sections…

Ford Europe job cuts announced by automaker

BERLIN -- Ford plans to cut 3,800 product development and administration jobs in Europe in the next three years, the company said, citing rising costs and the need for a leaner structure as it pivots production to electric vehicles. The…

Automakers, car dealers must work out differences

For much of the last three years, automakers and dealers have worked together in unprecedented fashion to first survive a pandemic and then discover new ways to thrive in an ever-evolving arrangement that has been lucrative and mutually…

Volvo avoids Ford, Tesla’s EV price war

Volvo will not follow Tesla and Ford in lowering prices for its electric vehicles anytime soon. The automaker is seeing robust demand for its full-electric models, Chief Financial Officer Johan Ekdahl said in an interview Thursday. “We…

VW investment planning round to take place Friday

BERLIN - Volkswagen's supervisory board will assemble on Friday for a planning round postponed from last November in which it will discuss plans for which models to produce at which plant, a source close to the company told Reuters on…