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Redesigned 2012 Toyota Yaris starts at $14,875; Sequoia, Tundra and Sienna prices up slightly

The base price of the redesigned Toyota Yaris small car starts at about $1,000 more than the current car. Meanwhile, prices are only slightly changed for the 2012 Toyota Sequoia, Tundra and Sienna models. The 2012 Yaris subcompact stickers for $14,875, including shipping charges, for the L-grade, three-door hatchback with a five-speed manual transmission.

Ford cuts CEO's compensation 37%

Ford Motor Co. CEO Alan Mulally earned $13.57 million in total compensation in 2008, a 37 percent decline, as the automaker avoided seeking a federal bailout while posting a record loss. Mulally will take an additional 30 percent cut in salary this year and next as he battles a global financial crisis and the worst U.S.

Chrysler's main creditors reach deal with U.S.; others hold out

The U.S. Treasury Department has reached a tentative debt-reduction agreement with Chrysler's main creditors but still must get other lenders to sign on for the deal to take effect, three people with knowledge of the talks said today. The accord with JPMorgan Chase, Citigroup, Goldman Sachs and Morgan Stanley would reduce Chrysler's $6.9 billion debt to $2 billion, which would be repaid by Chrysler in cash, they said.