US car maker Ford is cutting 700 jobs at its Michigan plant to compensate for declining of sales. It was said in the statement of the carmaker issued on Thursday. First 200 workers will fired in June at the Michigan Assembly Plant, in the Detroit suburb of Wayne, other 200 at the end of July and the remainder at the end of September. Low gasoline prices have hurt the sales of the plant, which produces... 

Toyota, the third largest carmaker in the US market, has settled a US lawsuit that blames the company for defects in the speed control system in its vehicles. The class action has been the biggest safety crisis in the Japanese company’s history. The key accusation is that millions of Toyota cars accelerate unintentionally, with the proposed settlement set to cover economic losses from possible safety... 

The French government and the automaker Renault SA are trying to avert a standoff with Beijing over reports that a Chinese industrial espionage ring stole details of Renault’s electric vehicle technology. The carmaker suspended three executives Jan. 3 on suspicion of involvement in leaking information. It filed a criminal complaint on Thursday, alleging that it was the victim of “organized...