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Lyft had little trouble getting investors to hop on board its increasingly popular ride-hailing service, as its initial public offering fetched a $72 per-share price that exceeded even its own expectations.

Hyundai has found a new problem that can cause its car engines to fail or catch fire, issuing yet another recall to fix problems that have affected more than 6 million vehicles since 2015.

___ Lyft's shares soar as investors bet on ride-hailing future Lyft's shares soared as the company went public Friday, giving investors their first chance to bet on the future of the ride-hailing industry.

The ride-sharing company expects to go public in the latter half of 2019, its CEO tells FOX Business.

President Donald Trump got right to it in his Michigan rally Thursday night — greatly exaggerating what's happening in the auto industry.

President Trump is taking his message on the road to Grand Rapids, Michigan for his first campaign rally since the conclusion of the Mueller report.

German automaker Daimler and China's Geely are setting up a joint venture to develop and operate Daimler's Smart compact car brand worldwide as an all-electric car maker.

Volkswagen is recalling over 56,000 cars and SUVs in the U.S. because the rear coil springs can break without warning and cause people to lose control of their vehicles.

Dubbed the “Volkswagen Industrial Cloud,” the system will link operations at the automaker’s 122 manufacturing plants.

European Union officials have struck a provisional political deal to require new safety features on autos that would include technology to keep cars within legal speed limits.

A Nissan committee set up to strengthen corporate governance after the arrest of former Chairman Carlos Ghosn says it found he had too much power and recommended that the scandal-hit Japanese automaker add more independent outside directors to its board and better oversee compensation and auditing.

The decision is part of a $11 billion restructuring effort.

Volkswagen says it is partnering with Amazon to develop cloud computing capacity aimed at improving efficiency and coordination across the automaker's global factory network.

Subaru of America CEO Tom Doll on the impact of auto tariffs to the U.S. economy and auto industry.

The consultancies expect total U.S. vehicle sales of about 1.56 million units in March.