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The national average gas price fell to $3.76 per gallon last week, three cents cheaper than the week before, according to AAA.

Ford's $260 million investment will host 9,000 employees and build the largest engineering center in Mexico. The campus will be designed for hybrid work.

The severance will be available to underperforming Ford Motor employees with eight or more years of service. The white-collar workers will also have the option of enrolling in a performance enhancement plan.

During the coronavirus pandemic, Toyota fared better than most carmakers in managing supply chains, but it fell victim to the prolonged chip shortage this year.

Tesla will reportedly begin mass production of the long-awaited Cybertruck at the end of next year. CEO Elon Musk has said it might be the company's best product.

The reservations book for the 2024 Chevrolet Blazer EV has been closed nearly a year before deliveries of the midsize electric SUV are set to begin.

Derek Jeter and his wife Hannah have signed a multi-year contract with Jeep to be the featured in an advertising campaign for its Wagoneer and Grand Wagoneer models.

Amidst a global shortage of semiconductors, Japanese automaker Toyota Motor Corp. reportedly announced that it would replace one of the "smart" keys for its cars.

General Motors CEO Mary Barra says her company's trucks outsell the Ford F-Series, which Ford claims to be the best-seller, and they're both correct in a way.

Kia Sportages are being recalled for a second time over what the National Highway Traffic Safety Administration is calling a fire risk in the engine area.

Mobileye is selling 41 million Class A shares at $21 per share. The offering values Intel's autonomous hardware and software unit at $16.7 billion.

Mercedes-Benz became the latest car maker to announce that it would be withdrawing from the Russian market and selling up its assets there.

Intel's Mobileye IPO will begin trading Wednesday after selling 41 million shares at $21 each raising $861 million.

New $5.5 billion Hyundai plant a political boost for incumbents Gov. Brian Kemp (R-GA) and Sen. Warnock (D-GA) facing Stacey Abrams and Herschel Walker respectively.

The automaker reported net income of $3.3 billion, or $2.25 per share, on revenue of $41.9 billion. Net income for the quarter was driven by a new vehicle sales increase of 24% in the United States.