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Fisker nets $528 million from Energy Department for hybrid development

Fisker Automotive is building its reputation on producing eco-friendly, luxurious cars. And today, the California company is a shade greener, thanks to the U.S. government.

Akio Toyoda named Toyota president amid global crisis

Akio Toyoda, scion of Toyota Motor Corp.'s founding family and now its next president, will bring a U.S. perspective to the automaker as it battles falling sales and an unprecedented financial crisis. Toyoda, 52, will succeed current President Katsuaki Watanabe in June, the company said Tuesday, ending weeks of speculation.

Phone use penalty 'could double'

THE PENALTY for using a mobile phone while driving could be doubled under proposals being examined by the Government as part of a safety drive, Transport Secretary Patrick McLoughlin said. Metropolitan Police Commissioner Sir Bernard Hogan-Howe has called for offenders to be handed six points on their licence rather than the present three, meaning a ban from getting behind the wheel if caught twice in three years. Mr McLoughlin said it was an "interesting suggestion" that he was considering in an effort to end the "appalling" number of people killed and seriously injured in accidents where a phone was being used in the hand.