Tesla cuts price on China-made Model 3 with CATL battery, report says

The new powertrains are expected to include a cobalt-free lithium iron phosphate battery that is cheaper to produce, Bloomberg reported.

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Adient completes $175 million sale of fabrics business

Cash proceeds received from the sale totaled about $175 million, Adient said. Proceeds are expected to be used to pre-pay a portion of the company's debt and for general corporate purposes.

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Ford’s Farley shuffles executives on first day as CEO

John Lawler has been named CFO to replace the departing Tim Stone. Joy Falotico will focus solely on Lincoln; her CMO duties will be reassigned.

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VW drawing up plans to carve out Lamborghini, report says

The Italian sportscar brand eventually could be partially listed on the stock exchange, with Volkswagen retaining a controlling stake, Reuters reported.

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Hyundai Q3 sales dip 1%

In another sign the market continues to recover from the coronavirus, Hyundai's September volume rose 5 percent to 54,790 cars and light trucks, behind a 21-percent gain in retail deliveries, even as incentives fell. Across the industry, third-quarter volume is forecast to drop.

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Tesla Autopilot gets low score for driver focus in European safety rating

The system scored badly in a European New Car Assessment Program rating for its ability to maintain a driver's focus on the road but gained the highest marks for performance and ability to respond to emergencies.

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EU regulators to decide on Fiat Chrysler-PSA merger by Feb. 2

Regulators launched an antitrust probe after concerns that the merger could hurt competition in small vans in some EU countries and the UK.

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