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BMW management and labor reach agreement to cut costs

HAMBURG — BMW management and labor have reached an agreement on measures to reduce costs that avoids “drastic measures,” the automaker said on Wednesday. The agreement involves reducing bonuses for workers based on company profits, as well changes to...

Ford takes on Tesla with onslaught of Mustang Mach-E ads, marketing

The campaign amounts to a significant effort for a vehicle that is being launched into an EV market that remains niche, despite much hype. Year-to-date, 175,350 electric vehicles have been sold in the U.S, which is less than 2 percent of all vehicle sales, according...