Ford Motor Co.'s 2011 Lincoln MKZ hybrid will be among the most fuel efficient vehicles in the U.S., offering consumers 41 miles per gallon in the city and 36 miles per gallon on the highway.

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Chrysler is investing $300 million to make a new eight-speed transmission, a move that will save 1,200 jobs and improve fuel efficiency.

 Auto News editorial about the improvements Chrysler, Ford and GM have recently made.

Ford Motor Co. said it plans to make more of the components for its hybrid and electric vehicles in the U.S. as part of an effort to increase the number of low- or zero-emission models it offers over the next few years.

WASHINGTON - The White House's chief economic adviser said Tuesday that the federal government could get "most, if not all" of the money it invested in General Motors back once the automaker offers shares to the public later this year.

General Motors on Monday reported its first quarterly profit in nearly three years, as the automaker rescued last year by the U.S. government gained strength with the recovering economy.

SAN FRANCISCO - The U.S. Treasury Department said Monday that it has received a $1.9 billion repayment from Chrysler Holding to settle a loan extended to the company's financial-services busines

DETROIT — General Motors said Monday it earned $865 million in the first quarter, its first profit since 2007, after last year’s government-sponsored bankruptcy allowed the carmaker to wipe away many of its longstanding burdens.

MICHIGAN — The Ford Motor Company had its best quarterly performance in six years, earning $2.1 billion, and now expects to return to profitability this year, executives said on Tuesday.