Ford and General Motors shares slumped, as softer April vehicle sales raised concerns about consumer spending.
Ford's April U.S. sales fell 7.2 percent, dragged down by car sales that tumbled over 21 percent.
Asia markets closed mixed as traders parsed the RBA decision's to hold steady, key bank earnings in Australia and Singapore, and the dollar.
Asia markets close up, with energy plays mostly finishing lower and several major exchanges shut for a Labor Day public holiday.
Are autos breaking down? Is it time to fade the auto trade? With CNBC's Melissa Lee and the Options Action traders.
Lower gas prices have not dampened enthusiasm for electric cars, according to a new report from the Automobile Association of America.
U.S. Vice President Mike Pence will meet with Japan's Deputy Prime Minister Taro Aso on Tuesday.
Asia markets closed lower in a light trading session as several major markets remain closed for a public holiday.
Markets in Asia closed mixed on Thursday, with Japanese shares falling amid a stronger yen against the dollar.
Michelle Meyer, Bank of America Merrill Lynch chief economist, explains why a bumpy road may be ahead for the U.S. auto market.
Fresh off a disappointing quarter of sales, automakers tried to reignite excitement at the New York International Auto Show.
Toyota is investing $1.3 billion to revamp its factory in Georgetown, Kentucky.
Some of the names on the move ahead of the open.
Toyota says it's investing $1.3 billion to retool its sprawling Georgetown, Kentucky, factory where its flagship Camry sedans are built.
Asian markets mostly fell, tracking losses on Wall Street and ahead of a highly-anticipated summit between the leaders of China and the U.S.
Infiniti's first quarter sales rose 18 percent on-year to 67,367 vehicles globally, with around 28,000 in March alone, the luxury car maker said.
Asia markets ended lower on Tuesday, with the Australian dollar slipping in the wake of the RBA's on-hold call.
Automakers reported declining car sales that sent share prices for the Big Three lower.
Debating the auto sector amid disappointing U.S. March auto sales with James Albertine of Consumer Edge Research (bear) and Efraim Levy of CFRA (bull).
Ford, GM and Honda report an increasing reliance on truck and SUV sales as U.S. sales of cars continue to slip.