BREAKING: Ford nearly doubles cost-cutting goal to $25.5 billion by 2020

Ford doubles cost-cutting plan; Q1 earnings rise 9 percent

DETROIT -- Ford Motor Co. on Wednesday said it has nearly doubled its cost-cutting target by 2022 from the plan it laid out only six months ago and committed itself to either fixing or eliminating unprofitable portions of the business.

VW reaches $33.5 million diesel emissions settlement with Maryland

Volkswagen has reached a $33.5 million settlement with Maryland over state claims related to the German automaker's excess emissions, court documents show.

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