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U.S. will guarantee GM, Chrysler warranties, Obama says

In a bid to boost flagging auto sales, the federal government will pay for any warranty repairs on a General Motors or Chrysler vehicle if either company can't because of financial problems or a bankruptcy filing, President Barack Obama said on Monday. "Let me say this as plainly as I can. If you buy a car from Chrysler or General Motors, you will be able to get your car serviced and repaired just like always," Obama said in a speech.

Toyota Prius recalled for two fixes

Toyota Motor Corp. will recall 2.77 million vehicles worldwide--including 670,000 Prius hybrids in the United States--to fix a possible water pump problem and steering defect. The electric water pump recall covers five models globally for a tally of 630,000 vehicles.

Even better value for business from Lexus with new GS 300h

PREMIUM luxury manufacturer Lexus is adding to its GS range of mid-sized saloons by introducing the GS 300h to the range. Joining the established GS 450h in the range early next year, the GS 300h promises highly impressive CO2 emissions of 109g/km from its 2.5-litre full hybrid powertrain. That could deliver significant savings compared to its key premium market diesel and hybrid competitors, the GS 300h SE could represent an annual saving of up to £2,000 per year.