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Takata's external steering committee charged with developing a restructuring plan for the embattled auto parts maker is talking with "several funds" including Kohlberg Kravis Roberts.

Record consumer demand for gasoline is expected to take a sizeable bite out of an oil glut that has held global crude prices at multi-year lows.

Ford Motor Co said it was recalling about 271,000 F-150 pickup trucks in North America to replace their brake master cylinders.

Robb Report’s June issue will feature the lifestyle magazine’s annual “Best of the Best” awards. Robb Report Editor-in-Chief Brett Anderson gave the FOX Business Network’s Mornings with Maria an up close look at the winner of the convertible car category.

Prices at the pump are making higher highs right in time for the summer travel season.

Indian Motorcycle is adding more muscle as it takes on industry leader Harley-Davidson. Meet the Chieftain Dark Horse, the ninth bike in Indian’s stable.

Younger buyers have somewhat different buying habits than older generations. Here are a few ways that the car buying habits of Millennials are different:

Parents may be able to hold off the high cost of putting a teenager on their policy.

A lot of car enthusiasts want to get their hands on a Ford GT, but there won’t be any golden tickets for about 6,000 hopeful buyers.

Baseball, hot dogs, apple pie and Chevrolet are here to stay. The General Motors brand renewed its longtime sponsorship of Major League Baseball with an exclusive multi-year agreement.

Toyota Motor forecast on Wednesday a plunge in net profit for the current year, snapping three straight years of record profit, hit by a sharp appreciation in the yen.

General Motors and Lyft are moving forward with plans to create self-driving taxis. The companies expect to launch a test service within a year, raising the bar as Detroit’s Big Three automakers increase their investments in autonomous cars.

Tesla had an ambitious plan to make 500,000 cars by 2020. The electric car maker raised the bar even further, advancing the plan by two years.

The U.S. Transportation Department confirmed on Wednesday that automakers will recall another 35 million to 40 million U.S. air bag inflators installed by Takata Corp by 2019.

Two top manufacturing executives are leaving Tesla Motors Inc at a time when the electric-car maker is working to launch its first mass-market car, the Model 3, Bloomberg reported.

The decline in GM’s headline sales number is largely the result of a divergent strategy compared to its 'Big Three' brethren.