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At a time when U.S. sales are soaring, Europe saw a drop of almost seven percent in the first half of this year. There is one bright spot: U.K. car sales are up.

Honda sales are up and the company sales it expects to become a net exporter of vehicles from the U.S. by late next year.

Consumers are expected to keep snapping up cars and trucks, due in part to the improving housing market.

U.S. auto sales are expected to show strong growth in May as Americans snap up new cars and switch to more fuel efficient models. It's great for the car companies, but the deals aren't as sweet for consumers.

Better Place, a company that aimed to solve the notorious electric car driving range problem, is going bust.

Ford Motor Company is calling it quits in Australia, after a nearly 90-year run. The U.S. automaker says it will shut down its two factories down under and halt production in 2016.

Bill Ford says he hopes his company will help develop public transportation in urban areas and get rid of the gridlock.

Jamie Kitman, New York editor of Automobile Magazine, has just completed driving a $240,000 McLaren sports car across the country. Along the way, he made a few pit stops with Marketplace Tech.

Jamie Kitman, New York editor for Automobile Magazine, joins us from day two of his car trip across America.

Marketplace Economics Correspondent Chris Farrell explains why long-term auto loans, which are boosting car sales, could be a bad deal for borrowers.