Auto Industry | featured news

US company Terrafugia has put on display a prototype car that is licensed to fly as well as drive, at the New York International Auto Show.

The jobs were there, more than 1,000, with everyone from the Detroit automakers to Korea’s Hyundai looking to hire. What was missing were the job-seekers.

The auto industry looks set to ride the appeal of smaller cars to its best monthly performance since 2008. Chrysler reported a 34 percent increase in March auto sales.

As people hold onto their cars longer because of the economy, the average age of vehicles in the United States stretched to a record 11.1 years in 2011. But some drivers keep their cars much longer.

Retail sales recorded their largest gain in five months in February as Americans snapped up motor vehicles and bought a range of goods even as they paid more for gasoline, government data showed on Tuesday.

Toyota Motor Corp said on Wednesday it is recalling more than 681,000 cars and trucks in the U.S. market to address potential problems.

Ford CEO Alan Mulally netted $34.5 million worth of company shares as a reward for leading the auto maker's turnaround.

Chrysler is recalling nearly 210,000 Jeep Liberty sport utility vehicles due to potential problems resulting from excessive corrosion that could lead to a loss of control by the driver.

It’s been a tough year for the Volt, General Motors’ plug-in hybrid.  But perhaps it’s about to see its fortunes turn as a jury of continental journalists declare Volt the European Car of the Year.

General Motors will halt production of the Chevrolet Volt.The automaker has told 1,300 workers at its Detroit Hamtramck plant that they will be out of work for about five weeks.