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The Ford Taurus, a car that was once America's top seller, is about to die for a second time.

Japanese automaker Honda Motor Co. has reported a 12 percent rise in its fiscal fourth quarter profit thanks to growing sales and cost cutting.

Daimler AG, maker of Mercedes-Benz luxury cars, saw its first-quarter net profit fall 11 percent from the same quarter a year ago, when the company had one-time gains from the sale of real estate and from financial factors.

The hiring spree is part of a $170 million investment in the Corolla plant.

Cars still matter, according to the maker of Chevrolet and Cadillac.

Toyota Motor Corp. is investing $170 million and adding 400 jobs at its Mississippi assembly plant.

U.S. stocks are rising Thursday morning as Facebook leads a big rally for technology companies.

General Motors' first-quarter net income fell 60 percent, but the company handily beat Wall Street estimates as U.S. sales rose.

Carmaker Fiat Chrysler Automobiles has reported a 60 percent rise in net profit for the first quarter of 2018.

Profits have slipped at automaker Volkswagen in the first quarter due to a change in accounting rules, but sales increased and the company recorded no significant additional losses from its diesel emissions scandal.

Departure of the Autopilot head is the latest issue facing the automaker.

Ford Motor Co.'s Australian subsidiary has been fined 10 million Australian dollars ($7.6 million) by an Australian court for mishandling customer complaints about faulty automatic transmissions in thousands of cars.

Volkswagen says without the accounting change, the company's operating profit would have topped that of a year ago.

Hyundai Motor says its first-quarter profit has plunged to the lowest level in more than eight years as sales dwindled in the United States and China.

Ford's net income rose slightly in the first quarter due largely to a lower income tax rate.

The widow of maverick automaker John DeLorean alleges a Texas company has illegally received money from the "Back to the Future" movies that used his iconic car.

Ford Chief Financial Officer Bob Shanks told FOX Business that the automaker held tight on cost, but rising metal prices resulted in higher commodity expenses for the quarter.

Maryland has reached a multimillion-dollar settlement with Volkswagen AG and two of its affiliates for using devices in cars that violated the state's environmental laws.