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Luxury carmaker BMW AG had a record sales year in 2016, delivering 5.3 percent more vehicles as its line of SUVs boosted results despite declining sales in the U.S.

Despite China creating uncertainty for investors, when it comes to the U.S. economy, J.P. Morgan CEO Jamie Dimon seems optimistic.

Maserati is expanding its brand with a new set of wheels. The Italy-based luxury car maker unveiled the Maserati Levante, the company’s first-ever SUV in its 102-year history.

Maserati is expanding its brand with a new set of wheels. The Italy-based luxury car maker unveiled the Maserati Levante, the company’s first-ever SUV in its 102-year history.

Hackers may have been able to take control of a moving Jeep, but IOActive Director of Vehicle Security Research Chris Valasek told FOX Business Network’ s Stuart Varney it’s not as easy as it looks.

Bentley is entering into the SUV market. During an interview with the FOX Business Network’s Ashley Webster, Bentley for the Americas CEO Michael Winkler said: “the SUV market is really still the largest and quickest expanding market in any segment… and so far really there hasn’t been anything in the automobile luxury segments and so we’re hoping to create a new segment for ultra-luxury performance vehicles.”  

Lentz made the comments in a FOX Business Network Exclusive in response to last week’s tweet by President-elect Donald Trump threatening to impose a large border tax on Toyota if the company built a plant in Mexico.

As several U.S. automakers change their tune about manufacturing in Mexico amid critical comments from President-elect Donald Trump, General Motors CEO Mary Barra is weighing in on how the automaker is keeping pace with competitors to help boost the U.S. job market.

Fiat Chrysler says it's investing $1 billion in its U.S. factories to create 2,000 new jobs and add three new Jeep vehicles including a pickup truck.

Fiat Chrysler says it's investing $1 billion in its U.S. factories to create 2,000 new jobs and add three new Jeep vehicles including a pickup truck.

Fiat Chrysler is recalling more than 100,000 older trucks and SUVs worldwide to replace potentially dangerous Takata air bag inflators.

Fiat Chrysler is recalling more than 100,000 older trucks and SUVs worldwide to replace potentially dangerous Takata air bag inflators.

The Federal Bureau of Investigation has arrested a Volkswagen executive on charges of conspiracy to defraud the United States, the New York Times reported on Monday.

The Federal Bureau of Investigation has arrested a Volkswagen executive on charges of conspiracy to defraud the United States, the New York Times reported on Monday.

The average price of regular-grade gasoline has surged 12 cents nationally over the past three weeks, to $2.38 a gallon.

The average price of regular-grade gasoline has surged 12 cents nationally over the past three weeks, to $2.38 a gallon.

Volkswagen Group of America is recalling nearly 136,000 Audi and Volkswagen autos to fix potential problems with their antilock brake systems.

Fiat Chrysler is recalling more than 100,000 older trucks and SUVs worldwide to replace potentially dangerous Takata air bag inflators.