Ford revealed plans on Wednesday to cut hundreds of white-collar jobs in Europe and revamp its model range to keep it profitable in the region after turning a corner in 2015.
Volkswagen brand sales fell 5.3 % in October, the first full month after Europe's biggest carmaker was found cheating diesel emissions tests in the United States.
Volkswagen will fire three top executives on Friday, a senior source said, as the German carmaker tries to recover from a scandal over its rigging of U.S. vehicle emissions tests.
Volkswagen will dismiss Chief Executive Martin Winterkorn, a German newspaper said on Tuesday, after the carmaker admitted to cheating U.S. vehicles emissions tests and said 11 million of its cars could be affected worldwide.
Volkswagen shares plunged more than 20% on Monday, their biggest ever one-day fall, after news the German carmaker had rigged U.S. emissions tests, and Germany said it would investigate whether data had been falsified in Europe too.
