Honda tears up its old product plan

Honda Motor Co. is reviewing its entire lineup with the aim of building less expensive and more fuel-efficient vehicles, Honda CEO Takanobu Ito says. In the case of some next-generation products--including the crucial Civic platform used on a variety of vehicles worldwide--that means making major changes to vehicles already well along in the development process.

Big Spenders Flock To Bohnams Festival Of Speed Auction

GOODWOOD’S Festival of Speed might be famous for the action on its famous hill, but there’s more to the self proclaimed ‘world's largest motoring garden’ than just the racing. And just to prove the point, this year the annual Bonhams sale earned a staggering £22.6 million on the Friday of the event. The star attraction was a 1954 Ferrari 375-Plus, as used in iconic road races such as the Mille Miglia, Targa Florio and Carrera Panamericana, which sold for £10.7 million following a fierce battle between bidders.

Ford recalls more than 465,000 vehicles

Ford Motor Co. said it is recalling more than 465,000 vehicles in several popular models -- including the 2013 Ford Fusion sedan -- after discovering problems with fuel-delivery modules, engine-block heaters and missing steering-gear parts. A Ford spokeswoman said today that three different recalls for several of its best-selling cars were sent to the National Highway Traffic Safety Administration last week.