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Smart car inventor Nicolas Hayek dies

Nicolas Hayek, the engineer and industrialist who founded the Swiss watch company Swatch and brought the world the Smart car, died on June 28 of heart failure at his office in Switzerland. He was 82. Hayek saved the Swiss watch industry from lower-priced Asian competition in the early 1980s by offering colorful, inexpensive Swatch timepieces that he backed with equally colorful marketing.

Italdesign to unveil fast but frugal hybrid car at Geneva motor show

Italdesign Giugiaro will unveil a concept for a fast but fuel efficient hybrid coupe at the Geneva auto show. The Italian design and engineering company says the two-seater can reach a top speed of 186 mph (300 kph) and accelerate from 0 to 62 mph in less than 4 seconds. The still unnamed concept will travel 117 miles on a gallon of gasoline, Italdesign says.

Toyota outlines quality reforms; chief bows out of U.S. hearings

Conceding that breakneck expansion led to Toyota Motor Corp.'s current recall crisis, president Akio Toyoda outlined reforms meant to get quality back on track, including more active use of the car's so-called black box crash data recorder. Toyoda, grandson of the carmaker's founder, also indicated he won't sit before Congressional hearings into the quality lapses that have triggered recalls of more than 8.5 million vehicles since last fall. Yoshimi Inaba, the head of Toyota's U.S.