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Ford increases UK Car Prices

Ford is to increase UK Car prices by an average of 3.75% as a result of the weak pound You can’t blame Ford – it has to make a living, and things are tough enough for car makers at the moment without suffering at the hands of unstable currencies. Ford reckons that the movement in the Pound against the Euro in the last yaer or so has cost it nine figures on its UK income. Big money, no question.

U.S. will guarantee GM, Chrysler warranties, Obama says

In a bid to boost flagging auto sales, the federal government will pay for any warranty repairs on a General Motors or Chrysler vehicle if either company can't because of financial problems or a bankruptcy filing, President Barack Obama said on Monday. "Let me say this as plainly as I can. If you buy a car from Chrysler or General Motors, you will be able to get your car serviced and repaired just like always," Obama said in a speech.

GM's Ed Whitacre meets the press in Web chat

General Motors' new front man, Ed Whitacre, remains a bit of an elusive figure in the car world. But at the very least, the former telecom honcho who's now the leader of the nation's largest automaker does like cars. “Oh yes,” he answered in response to that question during a Web chat on Tuesday, one of his first interactions with the media so far in his tenure at the helm of GM.