Ford Details Lower Profit Forecast

Ford Motor Co. says in a regulatory filing that its adjusted pretax profit this year is likely to drop to $9 billion from $10.4 billion in 2016, largely because of increased spending on such emerging mobility technologies as autonomous driving systems.


Skoda to Unveil First EV

Volkswagen AG’s Skoda unit will take the wraps off a concept of its upcoming electric vehicle—a crossover with coupe-like styling—at next month’s Shanghai auto show.


VW Readies Payment Program for VW Diesel Owners

Volkswagen AG has hired victim compensation expert Kenneth Feinberg to set up and run a claims program for as many as 500,000 U.S. customers who own Volkswagen Group cars equipped with diesel engines that violate emission laws.