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Ford Motor said Thursday that its fourth-quarter results beat Wall Street expectations, and it maintained a 2016 pretax profit forecast equal to or higher than last year.

Takata is preparing the ground for the exit of its chief executive, two people close to the Japanese air bag maker said, as pressure builds on a company reeling from the auto industry's biggest recall.

Fiat Chrysler Automobiles reported better-than-expected rise in fourth-quarter operating profit as strong results from North America and improving operations in Europe.

Ford Motor said it is expanding its safety recall on vehicles that have Takata Corp's airbag inflators after Takata declared that those inflators were defective.

Cooper Tire & Rubber ended its $2.2 billion merger agreement with Apollo Tires, officially putting the brakes on a deal that has unraveled in recent months.

Ford expects its line of vehicles to remain the best-selling brand in North America this year, as retail sales have climbed 15% through November.

Fiat is reportedly back to the negotiating table with a UAW trust in an effort to acquire the remaining stake in Chrysler.

CarMax's quarterly profit climbed 12%, as the used car seller posted double-digit revenue growth. But EPS results missed estimates by a penny, and shares tumbled nearly 10%.

Ford cautioned that its North American margins this year could be weaker than previously thought. The automaker also projected lower 2014 profits in the region and said its long-term margin outlook is “at risk.”

Ford plans to hire about 3,300 U.S. salaried workers and more than double its global launches in 2014, as the automaker looks to drive growth.

The nation’s largest dealership chain reported a 13% gain in November auto sales, sending its shares climbing 2%.

The auto industry is expected to get a boost from Black Friday and report a 3.6% increase in November sales, according to research provider Kelley Blue Book.

The auto industry is expected to get a boost from Black Friday and report a 3.6% increase in November sales, according to research provider Kelley Blue Book.

Chrysler is delaying plans for an initial public offering until the first quarter of 2014, backing away from initial expectations for a listing by the end of this year.

The EPA on Friday unveiled a proposal that would lower the annual requirement for ethanol used in gasoline, sending corn prices lower.

Bain Capital is reportedly in advanced discussions with TI Automotive to acquire the auto parts maker in a deal approaching $2 billion.

Automaker Ford Motor said on Monday it will close all operations in Japan and Indonesia this year as it sees "no reasonable path to profitability" in the two countries.

The first federal trial over General Motors' massive ignition switch recall came to an early end on Friday, as the parties said the case has been dismissed.

General Motors said it is launching a car-sharing service called Maven in the United States and Germany, for consumers who want to borrow cars rather than own them.

Ford Motor Co will announce a new automobile plant in the central Mexican state of San Luis Potosi during the first quarter, three Mexican officials familiar with company plans said on Thursday.