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General Motors increased its net income 56% last year, helped by higher prices for its vehicles that were made scarce by a global shortage of computer chips.

General Motors Co on Tuesday said it will spend more than the $35 billion previously planned through 2025 to speed up launches of new electric vehicles, and noted that investments in technology will take priority over richer profits next year.

GM's Cruise division is opening up its driverless ride-hailing service to the public through a limited access program in San Francisco.

Tesla is recalling nearly 54,000 vehicles to remove a rolling stop function from their Full Self-Driving system, which is in an in development beta phase.

A 1955 Mercedes-Benz 300 SL Gullwing with an aluminum body was auctioned by RM Sotheby's for a model-record $6,825,000.

Kia has received 13 customer complaints and 947 warranty claims related to the issue. However, no fatalities, injuries, crashes or fires have been reported.

GM CEO Mary Barra went for a ride in a Cruise autonomous vehicle this month and said it was "surreal."

Ford is aiming to deliver more to America's plumbers, electricians and first responders.

Elon Musk projects Tesla will be building 250,000 Cybertrucks annually in a couple of years, which is much less than the 600,000 electric pickup capacity General Motors has planned.

Japan's Toyota Motor Co said on Friday its vehicle sales rose by 10.1% last year, making it the world's biggest carmaker for a second straight year and putting it further ahead of its nearest rival, Germany's Volkswagen AG.

Drivers are looking for personalization and value as they switch car insurance companies at increasing rates, a recent study showed.

Jacob & Co. has revealed a $1.5 million watch inspired by the Bugatti Chiron that has a functional W16 engine inside of it.

Tesla CEO Elon Musk said the company is no longer working on a $25,000 car that he announced in 2020.

There is no quick fix for the global semiconductor crisis, according to Fed Chairman Powell and Ford CEO Jim Farley.

Tesla reported record annual and fourth-quarter profits but saw its stock price head downward after the electric vehicle maker warned supply chain issues will likely drag on

Nissan is recalling 793,000 Rogue SUVs in the U.S. and Canada because water can corrode a wiring connector and cause a fire.

Elon Musk has been test driving an updated Tesla Cybertruck prototype at the automaker's Texas headquarters ahead of its earnings call Wednesday night.