Hyundai is recalling nearly a half-million midsize cars in the U.S. to replace key engine parts because a manufacturing problem could cause them to fail.
VW will name Porsche CEO Matthias Mueller as its chief executive as it tries to recover from a scandal over its rigging of U.S. vehicle emissions tests.
Farm implement-maker Caterpillar said it could cut up to 10,000 jobs through 2018 as part of a restructuring plan to save up to $1.5 billion annually.
Anger at Volkswagen is being echoed by private dealers, auto wholesalers and owners across the U.S. as fallout from VW's smog test trickery mounts.
U.S. stocks ended down slightly Wednesday, led by losses in materials and energy shares as weak Chinese and U.S. factory data added to growth worries.
VW will dismiss CEO Martin Winterkorn, after the carmaker admitted to cheating U.S. vehicles emissions tests, a German newspaper reports.
The EPA orders Volkswagen to fix nearly 500,000 VW and Audi diesel cars that the agency said are intentionally violating clean air laws.
Producer prices were flat in August, pointing to benign inflation pressures that could weigh on the Fed's decision whether to hike interest rates next week.
Nissan is recalling nearly 300,000 Versa and Versa Note vehicles to adjust a console panel that could catch the driver's shoe and slow braking efforts.
Factory activity hit a more than two-year low in August as manufacturers struggled with a strong dollar, weak global demand and cuts in the energy sector.
Overall U.S. auto sales were expected to drop 3 percent in August compared to a year ago, even as Ford and Chrysler's sales climbed during the month.
The economy grew faster than first thought in the second quarter, showing enough momentum to possibly allow the Fed to raise interest rates this year.
U.S. auto safety regulators are investigating reports that air bags on some older Honda Accords may not inflate in a crash.
Producer prices rose for a third straight month in July, but inflation pressures remain benign against the backdrop of lower oil prices and a strong dollar.
Warren Buffett's Berkshire Hathaway is buying Precision Castparts for about $32.36 billion, ending a weekend of speculation that a deal was in the works.
New orders for factory goods rebounded in June on strong demand for transportation equipment and other goods, a hopeful sign for the manufacturing sector.
Summer deals and big demand for SUVs and luxury cars kept auto sales strong in July, with sales of new vehicles expected to rise to nearly 1.5 million.
Ford reported second-quarter earnings that handily beat expectation on continued strength of North American sales, led by its popular F-150 pickup truck.
New single-family home sales fell in June to their lowest level in seven months and May's sales were revised sharply lower.
Stocks fell for the third straight day Thursday after disappointing results and forecasts from companies added to concerns about the U.S. profit outlook.
Producer prices rose more than expected in June as the cost of gasoline and other goods rose, indicating the recent oil-driven drop in prices was abating.
Regulators are investigating inflators made by ARC Automotive that went into about 420,000 older Chrysler minivans and another 70,000 Kia Optima sedans.
U.S. wholesalers boosted their stockpiles in May by the largest amount in six months, while sales rose by a modest amount.
Jaguar Land Rover is recalling about 65,000 SUVs in the U.S. because the doors may not latch properly and could open while being driven.