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Mitsubishi to sell Renault-based midsized car in US

Mitsubishi Motors Corp. plans to sell a Renault-based midsized car in the United States under a new strategic tie-up between Mitsubishi and the Renault-Nissan alliance. The car will be the first of two Renault-based sedans sold by Mitsubishi under a product and technology exchange announced by the companies today.

Start up mobility van maker VPG shuts down

Van maker Vehicle Production Group -- recipient of a $50 million loan from the U.S. Department of Energy -- has suspended operations and is in the process of being sold, its former CEO said Wednesday. The Allen Park, Mich., company, which made MV-1 vans for the disabled, terminated about 100 workers and closed its offices in February.

Transportation secretary Ray LaHood to step down

WASHINGTON -- Transportation Secretary Ray LaHood, 67, who raised awareness about the dangers of distracted driving, said he will leave President Obama's Cabinet after a replacement is confirmed. LaHood, a former Republican congressman from Illinois, has led the Department of Transportation since 2009. He announced his departure today on the agency's website.