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Ford Motor Co.'s net income fell 35 percent to $1.6 billion in the first quarter as it was hit by costly recalls, lower sales and rising prices for steel and other materials.

Ford's earnings are taking a hit from heavy investments in new technology.

Ford's earnings are taking a hit from heavy investments in new technology.

Ford on Thursday reported a lower quarterly net profit due to higher costs and investments, plus a slight decline in vehicle sales.

Ford on Thursday reported a lower quarterly net profit due to higher costs and investments, plus a slight decline in vehicle sales.

Fiat Chrysler Automobiles CEO Sergio Marchionne has not spoken to his counterpart at Volkswagen about a merger.

Volkswagen is considering a possible sale of Italian motorcycle maker Ducati as Europe's largest carmaker seeks to streamline operations to fund a post-Dieselgate strategic overhaul, two people familiar with the matter said.

The European car industry received a confidence boost as manufacturers continued to post a raft of positive first-quarter results.

The European car industry received a confidence boost as manufacturers continued to post a raft of positive first-quarter results.

Hyundai Motor Co. says its first-quarter profit fell 21 percent from a year earlier.

Hyundai Motor Co. says its first-quarter profit fell 21 percent from a year earlier.

After upending the taxi market with its ride-hailing service, Uber Technologies Inc is now aiming for the skies with its flying taxis.

After upending the taxi market with its ride-hailing service, Uber Technologies Inc is now aiming for the skies with its flying taxis.

Alphabet's Waymo autonomous vehicle group will begin testing a self-driving car program for hundreds of families in Phoenix, Arizona.

Alphabet's Waymo autonomous vehicle group will begin testing a self-driving car program for hundreds of families in Phoenix, Arizona.

General Motors' Venezuelan subsidiary has sent a message to almost 2,700 staff informing them that they are no longer employed by the company and had received severance pay in their bank accounts, according to two employees.

The online retail giant has reportedly formed a team that's exploring how the company might be able to take advantage of driverless-vehicle technology.

The online retail giant has reportedly formed a team that's exploring how the company might be able to take advantage of driverless-vehicle technology.

General Motors Co's bid to block hundreds of lawsuits, potentially worth billions of dollars, over a deadly ignition-switch defect broke down on Monday when the Supreme Court refused to hear its appeal claiming the suits were barred by the No. 1 U.S. automaker's 2009 bankruptcy.

General Motors Co's bid to block hundreds of lawsuits, potentially worth billions of dollars, over a deadly ignition-switch defect broke down on Monday when the Supreme Court refused to hear its appeal claiming the suits were barred by the No. 1 U.S. automaker's 2009 bankruptcy.