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Ford posts $2.4 billion profit

Ford Motor Company reported a profit of $2.4 billion on revenues of $35.5 billion, excluding Volvo, during the second quarter, the automaker said Tuesday. A year ago, Ford posted net profits of $2.6 billion on revenue of $35.07 billion, including Volvo. Excluding Volvo, Ford's revenue in the second quarter of 2010 was $31.3 billion.

Honda unveils 2014 NSX Concept-GT racer

Honda has taken the covers off its NSX Concept-GT racer, a bespoke competition car set to race in the 2014 Japanese ‘Super GT’ series. And boy, does it look good. The unveiling of the new prototype challenger follows an on-track debut for the Honda NSX concept at Mid-Ohio Raceway in America earlier this month – and once again, it’s piqued our interest in the new Japanese hybrid supercar set for launch in 2015.

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.