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The Terrafugia Transition is available to order ahead of its 2019 launch.

___ Fed raises rates for 3rd time this year with 1 more expected WASHINGTON (AP) — The Federal Reserve signaled confidence in the U.S. economy by raising a key interest rate for a third time this year, forecasting another rate hike before year's end and predicting that it will continue to tighten credit into 2020 to help manage growth and inflation.

The General Motors luxury brand named a new president in April.

General Motors is moving its Cadillac brand headquarters from New York City back to Michigan, four years after heading to the big city to become more cosmopolitan.

The tariffs have already had a noticeable impact on Ford’s business strategy.

Late in the spring, Bob Castaldi started checking used car prices online, wondering if it would be a good time to sell his family's loaded-out 2014 Honda Civic.

Automaker Daimler says that CEO Dieter Zetsche will be succeeded next year by Mercedes-Benz development and research head Ola Kallenius.

Even though electric vehicles account for just a fraction of overall car sales, they are slowly gaining favor with buyers, particularly as second cars for daily commuting.

Zetsche was credited with turning around the fortunes of Chrysler in the early 2000's.

The German automaker cut its outlook for full-year sales and earnings.

The Trump administration's proposal to rollback national fuel economy standards was headed for its second public hearing a day after California officials and scores of speakers here blasted it as a danger to the environment and public health.

German luxury automaker BMW says its profits and sales will fall short of its forecasts this year because of fears over international trade conflicts and as new emissions tests affect the pricing of cars.

Doctors, environmental groups and California officials will weigh in on the Trump administration's proposal to roll back car-mileage standards at what could be a raucous hearing in a region with some of the nation's worst air pollution.

The government says a Florida company will spend more than $6 million in penalties and repair costs for selling computer software that disables automotive emissions controls.

The Latest on a California hearing on a proposal to roll back car-mileage standards (all times local): 9:05 a.m.

Subscription radio company SiriusXM says it's buying music streaming service Pandora Media Inc. in a stock deal valued at about $3.5 billion that'll allow it to expand its service beyond cars and into homes and other mobile areas.

Porsche's chief executive says the sports car maker won't produce any new diesel models in the wake of parent company Volkswagen's diesel emissions scandal.

The company also reported weaker earnings than expected.

A Thai court has ordered Ford Motor Co. to pay 291 customers a total of about $720,000 in compensation for selling cars equipped with faulty transmissions.