Automotive news

Ford Motor Company reported a significant jump in profit for the third quarter, driven by strong sales of its vehicles. However, the automaker’s outlook for the remainder of the year was dampened by a fire at an aluminum factory, which is expected to negatively impact profits in the final quarter....

Electric vehicle giant Tesla reported a 37% drop in quarterly profit, despite selling more cars than expected. The decline in profitability was largely attributed to the company’s decision to cut prices on its popular models, which resulted in lower revenue per vehicle. In an effort to boost sales and remain...