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GM Pins Big Hopes on New Chevy Cruze

The thrifty new small car replaces the underwhelming Chevy Cobalt, a model that had a hard time competing with the likes of Toyota's Corolla and Ford's Focus, new versions of which are due in coming months. A manual transmission model will have a 40-mpg highway rating.

Honda recalls 428,000 cars for rollaway danger

Business News You Need Today: Aug. 10, 2010

Honda to Recall Nearly 400,000 Cars for Ignition Problems

Honda to Expand Recall for Air-Bag Inflation Problems

Honda Motor Co. says it will expand an existing recall. Last month Honda recalled 646,000 Fit hatchbacks worldwide because of a glitch that could cause water to enter the power window mechanism, causing components to overheat.

More than half of U.S. 'clunkers' traded in for foreign cars