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Ford Motor Co. revved up surprise second-quarter profits this year – powered by climbing pickup and SUV prices even as a global computer chip shortage forced it to pump the brakes on production.

Tesla is changing up its retail strategy and will close many stores in favor of central locations. Advisors will be able to schedule test drives and remotely unlock cars for customers to access.

President Biden is proposing a return to aggressive Obama-era vehicle mileage standards over five years, according to industry and government officials briefed on the plan.

The United Auto Workers union says it got $1.1 million for a lakefront house in northern Michigan that was being built for former president Dennis Williams, who was sentenced to prison in a federal corruption probe.

The new collaborative learning lab, dubbed Ford Ion Park, represents $100 million of the automaker's total $185 million investment in developing, testing, and building electric vehicle battery cells and cell arrays. It is also part of the company's $30 billion investment in electrification by 2025.

Tesla CEO Elon Musk said customers who buy Full Self-Driving are 'betting on the future' as the autonomous driving feature remains a work in progress.

Lucid Motors CEO says the electric vehicle maker is on track to meet projected deliveries for the next two years.

The electric vehicle maker's second-quarter profit came in at $1.14 billion, or $1.02 per share, compared with $104 million or 10 cents a share, a year ago.

The nation's average gas price fell about 2.9 cents per gallon from a week ago to $3.14 per gallon, according to GasBuddy data.

Steven Penkevich spent 36 years at Ford Motor Co. as part of an army of Detroit engineers who perfected the internal combustion engine, a technology dating back to the dawn of the automobile era. He developed gasoline engines for family sedans as well as thunderous NASCAR racing machines.

General Motors said Friday that it will include its expanded, hands-free driver-assisted technology on six vehicles next year.

Ford and ride-share app Lyft are bringing autonomous vehicles to Lyft customers in Miami by the end of 2021.

Daimler AG's luxury car brand Mercedes-Benz says it is stepping up its transition to electric cars, doubling the planned share of sales by 2025.

Ford Refresh95, which are certified cabin air filters, will be rolled out to select Ford vehicles, including the Bronco Sport, Escape, Explorer, Mustang Mach-E, Police Interceptor Utility and Maverick by the end of the year.

Auto insurance rates are increasing this year, and are set to increase even more in the year ahead. One expert gives four tips on what you can do to keep your rates low.