A driver with the ride-sharing service Lyft waits for a customer on a street in Santa Monica

General Motors is investing $500 million in Lyft and has laid out plans to develop an on-demand network of self-driving cars with the ride-sharing se(...)

Ford  reported a wider-than-expected loss of $126 million for South America, compared with a year-earlier profit. Its $571 million loss in Europe, though smaller than the previous year, was still wider than analysts had expected. Photograph: Bloomberg

Ford has reported higher-than-expected quarterly results as earnings in its core North American market fell less steeply than Wall Street expected, bu(...)

Treasury officials say the department had completed the sale of 70.2 million shares of GM stock and to date had recouped $38.4bn from the $49.5bn taxpayer-funded rescue of the Detroit company.

The US treasury department says it expects to sell its remaining shares of General Motors by the end of the year, a plan that may leave taxpayers with(...)