The 2011 Ford Shelby GT500 will be faster, more powerful and lighter than ever before, Ford executives said this afternoon.

Chrysler Group LLC Chief Executive Officer Sergio Marchionne has canceled his speech in conjunction with the Chicago auto show.

General Motors will start shipping repair parts to dealers this week to fix sticking accelerator problems with its Pontiac Vibe.

Washington -- Toyota Motor Corp. is expected to recall more than 300,00 third-generation Prius vehicles built since last May, media reports in Japan said.

Toyota has friends in high places in Washington, including some of the very people now investigating the Japanese automaker.

Residents in Toyota's hometown say they, like the rest of the world, were surprised by the safety problems that have led to a mass recall of Toyota vehicles. But it was the company's response that was more shocking.

To commemorate 40 years of Dodge Challenger performance, Chrysler Group LLC will display a pair of muscle cars in "furious fuchsia" at the Chicago auto show.

Toyota Motor Corp. engineers are looking at Apple co-founder Steve Wozniak's Prius hybrid, and think that the trouble's with the cruise control, a senior Toyota official said.

Kelley Blue Book, the used-car pricing authority, will trim residual values of recalled Toyota models again this week.

Washington -- The Treasury Department and General Motors Co. are in talks to finalize the pay package for GM's new CEO, Edward Whitacre Jr.