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Decision is near on Maybach

Daimler AG will decide the fate of Maybach by July 1. The two options: Kill the slow-selling superluxury sedan or partner with British carmaker Aston Martin on a second-generation car. At a Daimler event in Stuttgart, Germany, last week, CEO Dieter Zetsche said "there is a higher likelihood to come to a positive decision" for a second-generation Maybach if a partner is involved.

Toyota Prius recalled for two fixes

Toyota Motor Corp. will recall 2.77 million vehicles worldwide--including 670,000 Prius hybrids in the United States--to fix a possible water pump problem and steering defect. The electric water pump recall covers five models globally for a tally of 630,000 vehicles.

Marchionne's dilemma: To sell or not to sell Alfa to Volkswagen?

Fiat CEO Sergio Marchionne's self-confidence has helped him tackle problems that lesser executives would duck, but he may have met his match. In a public test of Marchionne's faith in his own turnaround strategy, in September Volkswagen Chairman Ferdinand Piech bluntly announced that he wants to buy Alfa Romeo. Piech was suggesting that VW--and only VW--could transform Fiat's perennial money-losing brand into a real moneymaker.