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UPDATED: 4/27/17 11:46 am ET - adds details

Ford profits fall on recall charges, higher costs

Ford reported first-quarter net income of $1.6 billion, down $900 million from a year earlier, as revenue rose and profit margins shrank. Pretax earnings were $2.2 billion, down $1.6 billion, or 42 percent, from a year earlier, when Ford posted its best quarter in the company's 114-year history.
■ Ford's loss on canceled Mexico plant will be lower than expected

UPDATED: 04/27/17 3:12 am - adds Takata statement
Takata stock trading suspended after reported bankruptcy filing plan

Takata stock trading was suspended in Japan after a newspaper report that the embattled auto supplier was considering filing for bankruptcy protection.

Automakers to meet with U.S. transportation, EPA chiefs

Major automakers are set to meet with the head of the U.S. Transportation Department and Environmental Protection Agency as the agencies begin a review of federal fuel efficiency rules.

U.S. auto sales forecast to slip in April as retail demand slumps

It's becoming increasingly clear that U.S. new-vehicle sales have passed their peak, with April expected to mark the industry's fourth consecutive monthly decline.

UPDATED: 4/27/17 6:07 am ET - new story
Trump rules out swift NAFTA withdrawal in favor of renegotiation

President Trump won't immediately terminate U.S. participation in NAFTA, the White House said, after he spoke with the leaders of Mexico and Canada about ways to renegotiate the accord.
■ White House unveils opening bid for 'biggest tax cut'
■ Canadian supplier Linamar at center of Trump-NAFTA clash

Asbury's Q1 net rises 9.7% on F&I, parts and service gains, flat revenue

Asbury Automotive Group's first-quarter net income climbed 9.7 percent to $34 million on parts and service and finance and insurance gains, as revenue held flat at $1.55 billion.

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Kia plans $1.1 billion plant in India

Kia Motors signed a deal to invest about $1.1 billion to build its first factory in India, aiming to tap a fast growing market at a time when its China sales are sagging.

Hyundai goes to Antarctica

In the latest video to top our weekly viral video charts, Hyundai helps finish a 100-year old expedition.