Toyota unveils hybrid-only 2026 RAV4: See the SUV inside and out
The 2026 Toyota RAV4 offers hybrid and plug-in hybrid models with improved power, three new designs, and advanced multimedia and safety features.
The Indy 500: These drivers have earned the most career money in the race
Five past winners have claimed the most earnings from the Indy 500. The 109th running of the race will have a purse of up to $20 million.
Auto loan interest deduction in ‘Big Beautiful Bill’
President Trump's 'Big Beautiful Bill' contains a proposal that would allow people to write off auto loan interest paid on their taxes if their car is made in America.
Toyota recalls over 443,000 trucks for potential reverse light failure
Automaker Toyota is recalling over 443,000 Tundra and Tundra Hybrid trucks over a fault in their reverse light assemblies that could make them stop working.
Bans on gas-powered cars ‘lack common sense,’ GOP lawmaker argues
Sen. Shelley Moore Capito, R-W.Va., discusses Republican efforts to reverse Biden-era electric vehicle mandates on ‘Kudlow.’
Senate GOP repeals Biden-era CA emissions waiver as controversy brews over purported rule-bending
California's 2035 deadline for phasing out gas-powered cars is overturned after the Senate voted to rescined an EPA waiver empowering the Golden State's regulation.
Tesla CFO earns staggering $139M compensation package
Tesla's chief financial officer, Vaibhav Taneja, took home a $139 million pay package last year. It was tied to stock options and equity awards, according to a regulatory filing.
Fox Business Briefs 5/20
Home Depot plans to keep prices steady; Honda to scale back on EVs; Regions tech hubs are losing talent; Viking says demand for its cruise vacations continues to rise.
General Motors is halting exports of vehicles to China
General Motors said it has "decided to restructure the Durant Guild and correspondingly optimize GM China’s operations" because of "significant changes to economic conditions."
Uber partners with Volkswagen to launch autonomous shared rides by 2026
Uber's vision of shared, electric, and autonomous mobility advances with Volkswagon partnership, aiming for a 2026 launch in Los Angeles and beyond.
Ford recalls more than 273,000 SUVs over braking issue
Michigan-based automaker Ford recalled nearly 273,800 Expedition and Navigator SUVs from 2022-2024 due to a brake issue that may increase crash risk.
Waymo recalls 1,200 driverless vehicles for software update
Waymo recalled about 1,200 of its driverless vehicles with software issues detecting and responding to chains, gates and other similar roadway barriers.
EPA's Zeldin vows to take action against controversial start-stop vehicle system: 'Everyone hates it'
The Environmental Protection Agency is targeting stop-start vehicle technology that automatically turns off a car's engine when it is stopped at red lights to save fuel.
Nissan increases job cuts to 20K by 2027
Japanese automaker Nissan expanded its planned job cuts after seeing a "challenging" FY 2024. The company is also working to mitigate the impact of President Donald Trump's tariffs.
Drivable replicas of Batman's Tumbler are for sale – and it'll cost you $3M
Warner Bros. Discovery is giving people with deep pockets a chance to own a drivable Tumbler, the vehicle used in The Dark Knight Trilogy of Batman films.
Secret Service receives 10 vehicles for agent training from General Motors
The U.S. Secret Service recently received 10 vehicles from automaker General Motors. The array, which included SUVs, trucks and sedans, will be tested and used for training.
Volvo recalls more than 450,000 vehicles over backup camera issue
Volvo Cars is recalling more than 400,000 cars in the U.S., as well as over 40,000 in Canada, due to a backup camera issue that increases the risk of a crash.
Fox Business Briefs 5/8
Toyota says tariffs will erase $1.3 billion in profits; Krispy Kreme and Molson Coors withdraw 2025 outlooks; Match cost-cutting plans will result in 13% of its workforce being dumped.
Used car prices jump to highest level since 2023 as auto tariffs squeeze consumers
Used car prices rose in April as the auto market responded to President Donald Trump's tariffs, reaching the highest level since 2023 as buyers rushed to beat tariff price hikes.
Amazon's Zoox recalls robotaxi for software update after Las Vegas crash
Amazon-owned robotaxi maker Zoox initiated a recall to update software in 270 driverless vehicles after an accident in Las Vegas.