Neal E. Boudette

The automaker reduced the price of the Mustang Mach-E by up to $5,900 after Tesla slashed prices of its cars by as much as 20…

Dealerships are seeing sales and prices drop as consumers tighten their belts, putting financial pressure on companies like Carvana that grew fast in recent years.

The price reductions in the United States will make more of the company’s electric vehicles eligible for a federal tax credit.

The company’s production was limited by a global chip shortage but it made big gains in the fastest-growing segment of the auto market.

Automakers have been hampered by the supply of semiconductors and higher interest rates.

The National Highway Traffic Safety Administration is looking into unexpected braking by cars operated by Cruise, a part of General Motors.

Insurgent candidates showed strength, citing corruption scandals and calling for a tougher bargaining approach. The union president seems headed for a runoff.

The electric truck maker said it had enough cash to fund its operations through 2025.

The electric carmaker made the announcement on the same day it reported losing $670 million in the third quarter.

The automaker is struggling with supply chain problems and wrote off its investment in a self-driving technology business.