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Honda readies its jet airplane -- for real this time

Honda would like to remind you that while journalists have spent the last few years fretting whether the Big H has "lost its way," the company has quietly launched, shelved, resurrected, and all but waited out its plan to dominate the business-jet skies, which we are to assume are less friendly than United's. The HA-420 HondaJet has been kicking around for more than 10 years now, but the very first production-ready plane just rolled off the assembly line in Greensboro, N.C., this week -- and, Honda promises, the $4.5 million business jet should be delivered in the second quarter of next year. Honda began taking orders for the jet in 2006, but the long recession squashed the market for private jets.

Toyota will pay NHTSA fine, adds to recalls

Toyota has stayed at the top of the news in the last few days. The Japanese automaker agreed to pay the record $16.4 million fine the U.S. Transportation Department levied against it, even as it scrambled to fix the Lexus GX 460 that Consumer Reports said was unsafe to drive.

Ford's 1.0-liter EcoBoost wins engine of the year

Ford's 1.0-liter EcoBoost engine was named the 2013 International Engine of the Year on Wednesday, marking the second consecutive year it has done so. The engine also took home the highest score in the history of the awards, along with a “Best Engine Under 1.0-liters” category. The tiny engine packs a respectable punch for its size, producing 123 hp and 148 lb-ft or torque (Specs may be different pending specific model the engine is in).