Detroit Auto Show

He made the comments at the North American International Auto Show in Detroit.

U.S. automakers are driving into the New Year with renewed optimism, thanks in part to President Donald Trump’s tax reform bill that drastically cuts the corporate tax rate.

Fiat Chrysler Automobiles CEO Sergio Marchionne told FOX Business that the tax reform bill, which encouraged the automaker to hand out $2,000 bonuses to employees, is a boon to the U.S.

Fiat Chrysler's CEO has no intention of breaking up the company or selling off individual brands to China or any other parties, he said on Monday, adding the group was counting on its coveted Jeep brand to drive profit.

Ram and Chevrolet are rolling out brawny-looking new models that are larger, lighter and more efficient than their predecessors.

U.S. automakers are unveiling new diesel pickup trucks even as diesel sales have fallen sharply since Volkswagen AG's 2015 diesel emissions scandal.

Volkswagen's core autos division increased vehicle sales to a record 6.23 million cars last year, as rising demand for VW brand models in the Americas and the key Chinese market offset a decline in western Europe.

Ford Motor is making a slash at the Detroit auto show saying it will increase its planned investments in electric vehicles to $11 billion by 2022.

The most important person in Detroit may be President-elect Trump, whose criticism of Mexican production has forced automakers to rethink the way they build cars.

The most important person in Detroit may be President-elect Trump, whose criticism of Mexican production has forced automakers to rethink the way they build cars.