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Toyota resumes sales of Lexus GX 460

Toyota has resumed sales of the 2010 Lexus GX 460 SUV, two weeks after it announced a recall of the 9,400 models already sold. The Japanese automaker stopped sales of the vehicle after Consumer Reports magazine declared the SUV a safety risk, warning readers that it was prone to oversteer in turns. Lexus tested the car in response to the warning and made changes to the vehicle's electronic stability-control software.

Moody's boosts Ford's credit rating

Moody's Investors Service upgraded Ford Motor Co.'s debt to investment grade, culminating the automaker's six-year struggle to win back the Blue Oval and other assets mortgaged in 2006. Moody's is the second agency to upgrade Ford's debt from junk status, paving the way for the company to recover assets it mortgaged in 2006 to stave off bankruptcy. The company raised $23.5 billion in a move that allowed it to avoid government bailouts or bankruptcy when the industry collapsed in 2008.

Nissan debuts Sport Sedan Concept at Detroit auto show

Nissan introduced the Sport Sedan Concept to go along with its IDx twins at the Detroit auto show on Monday. The company says the sleek four-door embodies the next-generation design cues, including the V-Motion front end, floating roof and boomerang headlights. “The Sport Sedan Concept shows a new, highly emotional and energetic design direction that takes Nissan's approach of applying sports-car principles to a sedan to the next level,” said Nissan vice president Shiro Nakamura.