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General Motors Co. is recalling more than 47,000 Cadillac SRX crossover vehicles in the U.S. because of a problem with the passenger side air bags.

American companies sold more computers, heavy machinery and telecommunications equipment in foreign markets in April, pushing exports to a record high. Imports declined, reflecting a big drop in auto imports from Japan caused by supply disruptions from the March earthquake and tsunami.

BYD, the Chinese battery and car maker backed by Warren Buffett, said it will kick off investor meetings for its domestic IPO on Thursday.

Barely two years since it filed for bankruptcy, Chrysler still has to prove it can deliver on its “second chance.” The carmaker seems to be heading in the right direction.

The Treasury Department said on Thursday it reached an agreement to sell its remaining 6 percent equity stake in Chrysler to Italy's Fiat in a deal that will net Washington $560 million.

General Motors' U.S. sales fell 1.2 percent in May as it offered fewer deals to customers.

Toyota recalled 106,000 first-generation Prius hybrid cars globally on Wednesday for faulty steering caused by a nut that may come loose.

Chrysler Group LLC is expected to announce today that it will repay about $7.5 billion in U.S. and Canadian government loans on May 24 -- about a month earlier than it recently said, and years ahead of the original schedule.

Jaguar plans to build a £700,000 petrol-electric hybrid supercar in the UK, in partnership with Formula 1 team Williams F1... The C-X75's ultra-light chassis and two electric motors will help it accelerate from nought to 60mph in three seconds.

Automaker's profit surges on rising sales, could be world's biggest carmaker again before the year is out.