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Tesla trims workforce, sending stock plummeting

'While we have made great progress, our products are still too expensive for most people,' said Musk.

North American Car of the Year is... from South Korea

The victory is particularly important for Hyundai, which has seen its sales slide over the last several years due to a lack of utility vehicles.

Ford to partner with Volkswagen to build electric cars and more

The tie-up with VW is just one of the ways the Detroit automaker hopes to slash costs and improve its efficiencies.

After laying off 15,000 workers, GM has a message for Wall Street — and Tesla

GM's CEO Mary Barra said Friday there would be no layoffs in 2019 — "based on current market conditions."

Ford Europe to slash thousands of jobs in turnaround plan

Ford's European division employs 53,000 people and has struggled to turn a profit, reporting a $282 million loss in the third quarter.