Cars

Toyota President Akio Toyoda said he did a "happy dance" after the company outsold General Motors in the U.S. in 2021 and remains steadfast in its future plans.

Tesla sold a record number of cars between July and September but still felt short of Wall Street estimates as the company battles lingering supply chain issues.

American consumer spending is slowing in light of high inflation and large interest rate hikes from the Federal Reserve; leaving retailers flush with inventory.

CarMax CEO Bill Nash warned Thursday that consumers are struggling with affordability as the used car deal reported results for its fiscal 2023 second quarter.

Chinese automaker Geely has purchased 7.6% of Aston Martin Lagonda's shares during a fundraising round aimed at raising cash for future investments.

The Tesla Cybertruck can be used as a boat over short distances, according to Elon Musk, who suggested it could cross rivers, lakes and calm seas.

The Ford F-Series Super Duty line of trucks generates over $15 billion of revenue for the company annually and is one of its best-selling models.

The Ford Mustang Mach-E's infotainment system is being upgraded with the ability to play YouTube and other streaming video apps while it is parked.

Google co-founder Larry Page's Kittyhawk — an automobile company aimed at making flying cars a reality — has announced it will fold after more than a decade of losses.

Ford has broken ground on the $5.6 billion Blue Oval City complex in Tennessee that will build electric trucks and batteries starting in 2025.

Tesla is recalling nearly 1.1 million vehicles to update the software that operates their window reversing systems, which can pinch an occupant's extremities too hard.

The National Transportation Safety Board is recommending that all new cars be equipped with alcohol detection systems to prevent drunk driving accidents.

Chip Giant Nvidia unveiled its new computing platform called DRIVE Thor that would centralize autonomous and assisted driving and other digital functions.

General Motors' BrightDrop electric van division is launching a battery-powered and climate controlled grocery cart for retail delivery services.

Volkswagen is spinning off Porsche with an IPO that will value the brand at approximately $75 billion across 911 million shares, saluting its popular model.

Honda Motors Co. has reportedly asked its employees to give money back from bonuses the company says were overpaid. Marysville factory employees have until Sept. 22.

Ford CEO Jim Farley said the company is investing in internal combustion engines as other brands leave the segment because not everyone is ready for electric vehicles.

GM on Thursday announced a $491 million investment into its Marion, Indiana, metal stamping plant to ready the facility to make parts for EVs and other future products.

Typical monthly payments for a new car got steeper in August, hitting a record $743, according to the Cox Automotive/Moody's Analytics Vehicle Affordability Index.

President Biden toured the Detroit auto show on Wednesday, meeting with industry leaders. Biden drove a Cadillac Lyriq ahead of his speech on electric vehicles.