detroit

Home prices rose in March from February in most major U.S. cities for the first time in seven months. The increase is the latest evidence of a slow recovery taking shape in the troubled housing market.

For the past few months, reports have repeatedly affirmed that the economy is slowly improving. However, as one recent study highlights, some areas are recovering much faster than others.

General Motors really wants you to love the Chevy Volt, but the GM car everyone actually lusts after is the Camaro. Now, with automakers under pressure to improve fuel economy, GM faces a challenge -- how to update a gas-guzzling V8 icon for a greener world.

Just when it looked like housing prices were bottoming out and now was the time to snap up the best bargains comes news that may make you want to wait. The latest S&P/Case-Shiller Home Price Indices show that real estate prices are continuing to descend.

Car sharing is sweeping the nation as companies cash in on the largely immobile nature of automobiles. Whether it's through a company-owned fleet or by encouraging neighbors to let each other borrow their wheels, it has never been easier to get by without a car.

Chevy's Super Bowl ad poking fun at Ford's pickups has turned into an all-out brawl in Detroit. Has Ford just lost its sense of humor, or is there more at stake here than meets the eye? Actually, there's a lot more -- and some of it's great news.

Shares of Ford fell sharply on Friday after the company reported a quarterly result below analysts' $0.26 a share expectations: $1.1 billion, or $0.20 a share. But despite the disappointing profit number, Ford's core business is actually in great shape.

Detroit's Big Three are in hiring mode again, and Japanese automakers are building cars in the U.S. to export to Asia. And they aren't the only ones ramping up U.S. production. Is America at the beginning of a new industrial age? The answer lies in China.

There was nothing wrong with the old Ford Fusion. In fact, it had its best sales year ever in 2011. It's a good-looking, high-quality sedan and a good value. But when Ford took the wraps off the new Fusion this week, it had been transformed from a good hybrid to a deluxe hottie.

Perhaps the most surprising recent news in the auto industry last week was this little gem. In large part owing to President Obama's negotiation of a free trade agreement with South Korea earlier this year, Toyota will be expanding exports of U.S.-built vehicles to Korea for sale.