Ford is under pressure to perform following crosstown rival GM easily topping Wall Street's third-quarter expectations and raising key 2024 guidance targets.
Volkswagen is considering wide spread pay cuts and layoffs as well as closures or size reductions of its plants in Germany, the company's works council said Monday.
Following Tesla's best day on the market since 2013, the stock rose almost 3% on Friday, putting it on pace for its highest close since September of last year.
Scout, a former American brand from 1961 to 1980, was expected to exclusively offer EVs in a bid for the German automaker to expand its presence in the U.S.