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GM to keep GMC, Pontiac, exec says

A senior General Motors executive today denied reports that President Barack Obama's automotive task force has pressured the automaker to dump GMC and Pontiac. Company sales chief Mark LaNeve also denied rumors that GM plans to terminate the franchise agreements of poorly performing dealers before June 1 to accelerate its dealership consolidation campaign. "The strategy we laid out for you [in February] is still the strategy," LaNeve, GM's vice president of vehicle sales, service and marketing, said today in an interview with Automotive News.

Nissan lowers vehicle prices to boost Internet shopping

Jockeying for better position in Internet shopping sites, Nissan will cut the manufacturer's suggested retail prices on seven key models, effective Friday. The price cuts range from a $580 reduction on the brand's volume leader, the Altima, which was redesigned for 2013 and was the best-selling car in the nation in March, to $4,400 off of the Armada full-sized SUV. The price adjustments affect vehicles that represent two-thirds of the brand's U.S.

Ford electrifies the Focus

Don't be fooled by the Aston Martin-like grille and the stretched headlights--the Ford Focus electric has some serious green-car ethos. The Focus five-door hatch will be Ford's first-ever all-electric passenger car when it launches in late 2011. It can travel at speeds up to 84 mph and takes three to four hours to charge on a 240-volt outlet.