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Ford posts $3 billion quarterly profit

Ford Motor Co. earned $3 billion in the fourth quarter, helped by a large gain from one-time tax items, and its full-year profit rose as U.S. sales and market share increased.

Fisker Surf

Fisker has unveiled its new eco-friendly plug-in hybrid Surf vehicle at the 2011 Frankfurt motor show. The Surf, which the company claims is the world's first electric luxury/sports automobile, follows up the Fisker Karma's electric vehicle with extended range, but has additional cargo capacity and load carrying capabilities. The Surf weighs in at only 66 pounds more than the Karma sedan, despite increased glass and bodywork.

Toyota's quake-hit Yaris plant offline for at least another month

Toyota's quake-hammered Miyagi assembly plant, which makes the Yaris small car for export to the United States, is expected to be offline for at least another month. Workers have completed repairs at the factory and restored electricity, but the facility cannot get supplies of natural gas, a person familiar with the situation said. The assessment underscores the long road facing Toyota and other Japanese automakers in bringing plants back into full operation following the deadly quake, which killed more than 11,000 people, ruptured gas lines, shutdown electric grids and snarled logistics across half the country.