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Ford to lower fuel economy rating on C-Max hybrid

Ford Motor Co. will reduce the stated fuel-economy rating of its C-Max Hybrid car -- a rare and potentially costly move that Ford spent months feverishly working to avoid. A Ford source with knowledge of the plan confirmed the company will announce the move on Friday.

GM posts $6 billion loss, burns $10.2 billion in cash as sales fall

General Motors, facing a June 1 U.S. restructuring deadline to avoid bankruptcy, posted a $6 billion net loss in the first quarter and burned through $10.2 billion in cash as global auto sales plunged. GM had $11.6 in cash reserves on March 31, down from $14.2 billion at the end of the fourth quarter.

Mission: Impossible 4 movie gets green action with BMW electric supercar

BMW is casting a green starlet for its automotive role in Mission: Impossible--Ghost Protocol, slated to hit theaters in mid-December. Behind the wheel, Tom Cruise will probably continue to defy all realities of city driving--but this time he'll at least be sending fewer emissions into the atmosphere. He'll be driving a BMW Vision EfficientDynamics electric supercar, a concept vehicle that the company claims will evolve into the BMW i8 before it hits series production in a few years' time.