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Ford rolls out 2010 model line

Ford's big stars for the 2010 model year are obviously the Mustang and Taurus. But less flashy--and perhaps nearly as important--are more subtle improvements throughout its product portfolio, including nicer interiors and a fine-tuned version of Sync that could help the Blue Oval win customers and improve its image in the marketplace. The idea is to fortify its lineup with refinements "experienced immediately in a five-minute test drive," said Derrick Kuzak, Ford's group vice president of global product development.

CAFE standard set at 54.5 mpg by 2025

The final version of the new corporate average fuel economy (CAFE) standard was released today and, as expected, automakers will need to attain a fleet average of 54.5 mpg by 2025. The rules include electric and hybrid vehicles and—as of today—natural gas vehicles. The Environmental Protection Agency and the National Highway Traffic Safety Administration proposed the rules in November, after reaching an agreement with automakers last July.

Mitsubishi plans to halt U.S. production of 3 models in August

Mitsubishi will stop making three models at its Normal, Ill., plant in August. Production of the Eclipse coupe, Eclipse Spyder and Endeavor crossover will cease, while the Galant sedan will continue to be built, said Yoichi Yokozawa, CEO of Mitsubishi Motors North America. A decision on when to end Galant production will be made later, Yokozawa said.