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The U.S. auto industry will have to offer more discounts to maintain demand as prices for used cars decline.

The U.S. government plans to auction off a failed loan given to Fisker Automotive, potentially opening the door for the plug-in car maker to relaunch under new ownership.

The automaker is recalling about 242,000 vehicles worldwide, including the Prius hybrid, due to a brake glitch.

Boosted by demand from China and the U.S. Ford reported its Focus model was the world's best-selling passenger car in 2012.

Hyundai Motor and its Kia Motors affiliate are recalling more than 1.8 million vehicles in the U.S. after discovering issues related to brake light switches and air bags.

GM plans to move its international headquarters from Shanghai to Singapore, as the largest U.S. automaker shakes up its operations abroad.

U.S. auto sales took a turn to the positive side in October, as car makers posted double-digit gains amid strong demand for pickups and luxury vehicles.

General Motors logged a 6% decline in its 3Q profit but beat the Street, as one-time costs overshadowed revenue growth.

Chrysler reported a 22% jump in its third-quarter profit amid a surge in U.S. retail sales.

Despite a 22% decline in 3Q profit, Ford beat expectations, raised its full-year outlook on positive expectations for the European auto market.

GM raised the prices of its popular Chevrolet Silverado and GMC Sierra pickup trucks by up to $1,500, but cash incentives will help offset the hike.

Chrysler, Fiat's CEO  said he hopes the IPO process will provide a clear valuation of Chrysler and pave the way for a merger.

New-vehicle sales at the nation’s largest auto dealership chain jumped 13% to a six-year high in the third quarter.

U.S. new-vehicle sales in September are projected to drop 4.4% year-over-year after a stellar August, according to TrueCar.

CarMax, the nation's largest seller of used vehicles, reported a 2Q profit that leapt 26% amid stronger sales.

GM is working on an electric car that has a range of 200 miles and costs roughly $30,000, challenging Tesla and its planned mass-market vehicle.

Ford is building another 200 electric charging stations as it looks to help spur adoption of environmentally-friendly vehicles. 

CEO Sergio Marchionne said the No. 3 U.S. car maker will likely file documents for its initial public offering this week as Italian parent Fiat and a union healthcare trust look to resolve a dispute over the automaker’s value.

Sergio Marchionne, the CEO of Chrysler Group and Fiat, said an IPO for the U.S. car maker could happen in the first quarter of 2014, while the Italian parent continues to pursue full ownership.

Sergio Marchionne, the CEO of Chrysler Group and Fiat, said an IPO for the U.S. car maker could happen in the first quarter of 2014, while the Italian parent continues to pursue full ownership.