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Ford Motor Co. shareholders are again rejecting a proposal to dilute the Ford family's control over the company. At its annual meeting in Wilmington, Del., Thursday, Ford said 67 percent of shareholders voted against the proposal to make each Ford share worth one vote. Thirty-three percent supported it. That was slightly less support than the same measure received last year.

The head of Italian automaker Fiat is considering a plan to hold a public stock offering after the company buys 100 percent of Chrysler, according to a person briefed on the matter.

The automaker, which continues to struggle overseas, posted first-quarter net income of $1.6 billion, beating Wall Street expectations.

Korean automakers Hyundai and Kia are initiating one of their largest recalls ever – or more precisely, three separate service actions announced today that involve 1.9 million vehicles sold in the U.S. market since late 2006.

March is turning out to be the best month for auto sales in at least six years. Major automakers including Ford, Chrysler, Toyota, General Motors and Nissan all reported increases, with some reporting their best monthly totals since the start of the Great Recession in December of 2007.

German carmaker BMW says 2012 was the best year in its history after it posted a rise in profits and record revenues.

This week in Geneva while Ferrari joined the hybrid race with McLaren and Porsche, Lamborghini unveiled its latest prototype, the $3.9 million Veneno. The 750-horsepower car is a one-off model made to coincide with the company’s 50th anniversary. Its multi-million-dollar price tag makes it one of the most expensive cars ever made, putting it in the same echelon as the $2.4 million Bugatti Veyron and the $1 million McLaren F1.

Toyota Motor Corp. announced recalls of 1 million vehicles, including some models of its popular Toyota Corolla and its Lexus IS sports sedan.

Fiat SpA, the Italian automaker that controls Chrysler LLC, saw fourth quarter earnings more than double thanks to strong North American sales that more than compensated for a weak performance in Europe.

Ford is joining with Diamler and Renault-Nissan to speed the development of cars that run on hydrogen. The three companies expect their alliance to bring affordable hydrogen fuel cell vehicles to market as early as 2017. Fuel cell vehicles run on electricity generated from hydrogen and oxygen. The only byproduct is water.