Transportation

U.S. safety regulators are probing whether General Motors has sufficient procedures in place to identity a defect that could cause the car to stall or a fire to break out in the trunk.

Fiat exercised a third option to increase its stake in Chrysler, while the Italian car maker continues to spar with VEBA over the valuation of shares.

Driverless cars are here to stay, and are expected to trigger the biggest change to the auto industry in more than 100 years. 

Ford is recalling some 2013 Explorer, Taurus and Lincoln MKS vehicles to fix a door latch problem, which causes child safety locks to deactivate.

The electric car maker will begin offering Model S owners the ability to swap out a depleted battery for a fully charged one, Chief Executive Elon Musk said.

Chevrolet and GMC each ranked among the top five brands in the closely watched J.D. Power & Associates Initial Quality Survey, as the automaker struck the right balance between new technology and easy-to-use controls.

An air-bag safety probe now includes Honda vehicles, as regulators continue to look into a manufacturing defect in a part made by the same supplier.

Drivers are becoming more loyal to car brands, as Porsche, Cadillac and other automakers earned greater affection in the first quarter.

Safety regulators have opened a preliminary investigation into Ford’s popular F-150 pickup truck related to acceleration issues in some of its newer models.

Auto sales in May are expected to rise about 8% and the annual sales pace should rebound back above 15 million vehicles--a great economic indicator. 

Rising insurance costs and gas prices pushed the average cost of owning and driving a sedan up 1.96% to 60.8 cents per mile.

The deal gives Cox control of 98% of AutoTrader, the largest digital automotive marketplace in the U.S. that includes Kelley Blue Book. 

The $145 million deal comes after Frontier was bought out of bankruptcy in 2009 for $109 million.

Rockwell Collins inked a $1.39 billion deal to acquire aerospace communications maker Arinc from Carlyle Group.

The privately held auto parts maker has reportedly hired Deutsche Bank to search for bidders.

Investing in airlines has long been the butt of jokes, especially when many U.S. carriers traipsed through bankruptcy court in the past decade.

Boeing Co (NYSE:BA) raised its share repurchase authorization to $14 billion from $12 billion and also increased its quarterly dividend.

Despite concerns about U.S. growth, FedEx said it plans to buy back another 32 million shares of common stock.

Goodyear affirmed its profit forecast for the year and reinstated a common stock dividend.

Former Treasury Secretary Larry Summers told Maria Bartiromo Thursday at the SALT conference that a mix of public and private investment in U.S. infrastructure would help ease the U.S. economy out of its malaise.