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Mitsubishi to build new family of vehicles in U.S.

Mitsubishi will assemble a new family of vehicles at its Illinois plant within two years, a source familiar with the company's plans said. The vehicles will be based on the platform underpinning the Outlander and Outlander Sport crossovers and Lancer sedan, the source said. Those models are assembled in Japan.

Ford lowers Sync price

Ford is cutting the price of its Sync software, the company said on Monday. The price will drop from $395 to $295, and Sync will be available on base trim levels for the first time. The new pricing rolls out on the 2012 Ford Explorer and Ford Edge base models.

500-mph Ford hovercar is the future we were promised

"Within a few decades, the urge to travel at high speed has led man to develop the locomotive, the automobile, the airplane, and the rocket. Today he can travel through the air at speeds in excess of sound, and it is likely that he will soon land on the moon." Yes, we eventually made it to the moon, 10 years after the Ford Motor Co. issued this bold proclamation.