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

The perpetual tug-of-war between Tesla's true believers and skeptics took a new turn Friday after the electric-car maker sparked a sell-off with its plan to cut thousands of jobs.

Michelin CEO Jean-Dominique Senard, a front-runner to replace Carlos Ghosn atop Renault, has passed one of the tests required for the job: Support of the French state.

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.

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.

Colorado Gov. Jared Polis directed state agencies to develop policies encouraging the adoption of electric vehicles, including a Zero Emission Vehicle program embraced by California. Colorado would join 10 other states that require automakers to hit sales targets for non-polluting vehicles.

The countries have serious differences over issues such as intellectual property and theft of trade secrets, Mary Gallagher told attendees at the “China Genius Series” session of the Automotive News World Congress.

Subaru President Tomomi Nakamura is bullish about sales growth in the brand's key U.S. market, forecasting an 11th straight year of record U.S. volume in 2019, as it rebuilds trust and sales at home.

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.

With tariffs firmly part of the landscape, the choice is stark for most auto industry suppliers: absorb the extra cost, pass them on to customers or find ways to slash material costs.

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