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McLaren F1 designer signs on with Florida start-up

A small Florida company with hopes of making green performance cars has landed a big name. Rivian Automotive said this week that it has signed on Peter Stevens--the designer of the McLaren F1--as its director of design. It hopes to bring its first car to market in 2013 and launch more in 2014.

Ford earns $2.6 billion in first quarter

Ford, helped by new models, rising U.S. sales, and a rebound in Europe, reported a first-quarter profit of $2.6 billion today. In the first quarter of 2010, Ford earned just over $2 billion.

Obama's second term: More EVs, safety

President Barack Obama's second term likely will include a return to an agenda of support for electric vehicles and also could clear the way for new rules on tailpipe emissions and auto safety that his appointees have been eager to release. Obama's fellow Democrats retained control of the Senate, while Republicans kept their House majority In his victory speech, Obama said he plans to meet with Republican challenger Mitt Romney in coming weeks to discuss ways to move the country forward. He also saluted Romney's father, George, who once ran American Motors, a company absorbed by Chrysler in 1987 and whose Jeep became a flashpoint during the campaign.