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Mexico plant to build Honda Fit for U.S. market

Honda Motor Co. has confirmed it will build its Fit small car at its new plant in Mexico for export to the United States and other markets, as it expands its local production footprint to combat the Japanese yen's profit-eating strength. The plant, near Celaya, Guanajuato, will begin operation in 2014 with a capacity of 200,000 vehicles a year.

Nissan says the Leaf electric car will snag Toyota Prius owners

Owners of Toyota Motor Corp.'s fuel-efficient Prius hybrid will succumb to the charms of the Nissan Leaf electric sedan, predicts Nissan Division Vice President Al Castignetti. More than half of the 130,000 hand-raisers who have expressed an interest in the Leaf so far have been Prius owners, he said. "That's a pretty significant signal to us," Castignetti said last week as Nissan North America Inc.

U.S. will honor clunker rebates until Senate acts, DOT chief says

The Obama administration will fund the cash for clunkers program until the Senate decides whether to add $2 billion to the original $1 billion fund that is likely to be depleted this weekend, U.S. Transportation Secretary Ray LaHood said today. He said the administration would honor dealer rebate applications filed at least through Tuesday, Aug.