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Toyota to unveil low-cost car next month

Toyota said it will unveil a concept of its new car for emerging markets at the New Delhi auto show on Jan. 5. The Japanese automaker plans to sell the low-cost compact car in markets such as India, Russia and Latin America.

Chevy and GMC pickup trucks pile up on dealer lots

General Motors entered December with bloated inventories reminiscent of its prebankruptcy days-and its lowest market share in 90 years. GM will try to fix both problems in a hurry. Dealers say the company has begun rolling out bigger discounts on many models, including the redesigned Chevrolet Malibu sedan and GM's full-sized pickups.

Chrysler recalls Wrangler, Compass and Patriot

Chrysler Group said today it will recall more than 220,000 units of the Jeep Wrangler to fix a transmission flaw and 409,000 units of the Jeep Compass and Patriot worldwide to fix a software glitch that could stop airbags and seatbelts from working in a crash. The recalls add to a growing list of safety problems at Chrysler, which stunned the auto industry this week by taking the rare step of rebuffing a recall request from the National Highway Traffic Safety Administration. On Tuesday, Chrysler refused to recall 2.7 million units of the 1993-2004 Jeep Grand Cherokee and 2002-07 Jeep Liberty, claiming that the vehicles were built in compliance with safety standards and are not more accident-prone than other vehicles of the time.