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Ford follows Hyundai with payment protection plan

Ford Motor Co., taking a cue from Asian rival Hyundai Motor, is offering to make car payments for buyers who lose their jobs. The program, called the Ford Advantage Plan, will cover payments for up to 12 months. The move is aimed at boosting sales, which have fallen 45.9 percent this year through February at Ford Motor and 39.4 percent industrywide as the U.S.

Honda Small Hybrid Sports Concept sketch

By James Mullan First Official Pictures 05 February 2007 09:34 Honda will show its first dedicated hybrid car since the Insight at the Geneva Motor Show in March. Only the sketchiest details have been released about the Small Hybrid Sports Concept, but we know it will definitely make the transformation from concept to production reality to slot above the Civic Hybrid in Honda’s range. Unlike the Insight and Civic hybrids, the Small Hybrid Sports Concept was designed in Europe, at Honda’s Offenbach European R&D headquarters.

Most of Saleen sold to Michigan group

The future of specialty carmaker Saleen Inc. is getting a little clearer: Most of the company was sold to a Michigan group last week after being on the block since November. An entity called MJ Acquisitions, which owns parts and engine companies in Michigan, bought Saleen’s performance street-car program, supercharger and aftermarket business from Los Angeles private-investment firm Hancock Park Associates.