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The move is part of an overhaul, aimed at transforming the company's European business, announced in January.

The company made false and misleading comments to shareholders about “vehicle quality, environmental compliance” and its financial standing, according to the agency.   

The Securities and Exchange Commission is charging Volkswagen and former CEO Martin Winterkorn with defrauding American investors during an emissions scandal.

Tesla’s website began taking orders, and taking refundable deposits of $2,500, for the vehicle immediately after the event ended.

European car sales have fallen for the sixth straight month, amid modest increases in three key markets.

Tesla is unveiling its newest vehicle, the Model Y, an SUV that the automaker hopes will win over consumers looking for an all-electric alternative in the most popular segment of the auto market.

Toyota Motor Corp. says it is investing an additional $750 million at five U.S. plants that will bring nearly 600 new jobs.

Toyota plans to add 600 jobs at its U.S. plants over the same period as it builds more vehicles and car parts.

The investment would give the unit a value of $5 billion to $10 billion.

More Americans are taking their homes on the road, but this time with an upgrade.

Foreign car tariffs may hurt the American auto industry who will be taxed on the parts they use to assemble cars shipped and sold overseas.

Stocks that moved substantially or traded heavily on Wednesday: Rite Aid Corp., up 4 cents to 72 cents The drugstore chain purged its top management, including CEO John Stanley, and said it will cut 400 full-time jobs.

The United Auto Workers president says he is "deeply saddened and irritated" by a corruption scandal in which union officials are accused of accepting bribes from Fiat Chrysler executives.

Fiat Chrysler is voluntarily recalling 862,520 vehicles in the U.S. because they don't meet the country's emission standards.

French President Emmanuel Macron will be in Kenya today in the first visit by a French leader since the East African nation's independence in 1963.

The EPA described the recall as voluntary.

Ohio's governor says it seems clear that General Motors isn't planning on making a new line of vehicles at its assembly plant in the state.