Tesla to cut work force 7%; Musk expects 'tiny' Q4 profit

Audi plans to introduce a full-electric crossover about the size of its Q3 compact crossover as the brand fills out its lineup of electric vehicles in a bid to challenge Tesla, Bloomberg reported.

Carlos Ghosn improperly received $9 million in compensation from a joint venture between Nissan and Mitsubishi Motors, the companies said on Friday.

Ford is expected to launch a new small crossover in Europe, possibly called the Puma, as the automaker concentrates on lucrative, higher-riding cars to help return its business in the region to profit.

Mini USA has released a new ad for the Countryman featuring British singer Labrinth, who sings a new rendition Cole Porter's classic tune "Don't Fence Me In" -- a new recording the car brand is releasing as a soundtrack for its drivers.

Karma Automotive and Italian design and engineering firm Pininfarina said Thursday they'll join forces to accelerate product development.

Tesla's customer referral incentive plan will end on Feb. 1, CEO Elon Musk tweeted on Thursday, citing costs.

Geely plans to start producing Lotus cars in China for the first time with the opening of a new $1.3 billion factory, Reuters reported.

Ford Canada announced veteran Ford executive Dean Stoneley, a Canadian who began his career with Ford of Canada in 1992, is returning to serve as president and CEO, replacing Mark Buzzell effective Feb. 1.

Two months after the arrest of its chairman, Nissan is weighing abolishing the role altogether as it steps up reforms to rebuild its governance. Alliance partner Renault also is considering governance changes.

If alternatives to traditional vehicle ownership were more accessible and affordable, consumers would be less likely to buy cars — perhaps driving U.S. retail vehicle sales down by as much as 29 percent, according to Cox Automotive.