The Obama administration's new fuel efficiency standards will require vehicles to get at least 35 miles per gallon by 2016 and cost about $1,300 per car Automakers are expected to be on board. Janet Babin reports.
Britain kicks off its cash for clunkers where drivers get $3,000 on a new vehicle if they trade one that's 10 years old. The U.S. is considering a similar plan with a bigger subsidy for car owners. Stephen Beard reports.
Amaral Motors in Newtown, Conn. was a five-star Chrysler dealer. But after finding itself on the automaker's 800-dealer cut list, the generations-owned family business has to come up with a new plan. Amy Scott has the story.
The private automobile helped build suburbia. But cars generate about one quarter of all man-made greenhouse gases. Dick Messer, executive director of the Petersen Automotive Museum, loves his alternative ride -- and it's not electric.
Volkswagen and Porsche have agreed to merge after the sports car's plan to buy stake buckled under debt. Stephen Beard explores the longstanding family feud between the two companies and whether it's ended now.