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Ford posts $3 billion quarterly profit

Ford Motor Co. earned $3 billion in the fourth quarter, helped by a large gain from one-time tax items, and its full-year profit rose as U.S. sales and market share increased.

Honda's future: small cars, no NSX or Euro Acura

Honda CRZ concept at the 2009 Tokyo motor show; one of the cars unveiled by Honda CEO Takanobu Ito By Ben Pulman Motor Industry 23 October 2009 11:22 Honda chief executive Takanobu Ito today spelled out his vision for the next decade at Honda to CAR Online. No successor to the NSX is under development, but there will be a smaller city car slotting under the Jazz in Honda's range. It will be launched in Asia at first, potentially following in the rest of the world.Ito, who is also president of Honda R&D, said that the company had no firm plans for a pure battery electric vehicle at this stage – the onus is on hybrid petrol electric cars and fuel-cell models.It will continue to develop diesels for Europe, but Ito admitted a project to build clean-fuel diesels for the US market had been cancelled.

Mitsubishi Outlander plug-in hybrid ‘game-changer’ to cost same as diesel model

Mitsubishi Mitsubishi UK has revealed it will sell its new Plug-In Hybrid Outlander EV for the SAME price it retails diesel versions of the Land Rover Freelander rival, rather than many thousands of pounds more – a move managing director Lance Bradley believes has the potential to "blow the market apart. "It could be a gamechanger," he told MSN Cars as the firm prepared to reveal the car’s price. "A car like this comes along once in a generation: this could be our Mazda MX-5, our Jaguar F-Type." On Bing: see pictures of the Mitsubishi Outlander PHEVFind out how much a used Mitsubishi Outlander Including the £5,000 UK government subsidy for plug-in vehicles, the entry-level Outlander PHEV GX3h will be priced from £28,249, the same as the diesel-powered Outlander GX3h auto.