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Shortages of Japan-built cars open the door for U.S. automakers

U.S. carmakers sense that they have a chance to win back customers this summer with the launch of several redesigned models, while their Japanese competitors struggle with supply shortages. About 197,000 car buyers who typically would favor a Japanese brand are in play this summer, according to market research firm A.T.

Ford's net profit slips to $1.65 billion for the third quarter

Ford Motor Co., hurt by accounting changes related to commodity prices, said third-quarter net profits fell slightly to $1.65 billion from $1.69 billion a year earlier. Pretax profits fell to $1.94 billion from $2.06 billion a year earlier. North American pretax operating profits were essentially flat from the year-earlier period at $1.6 billion.

Future products: Hyundai's push will change the look of showrooms

Hyundai is introducing seven new or redesigned models in a 24-month stretch that ends in the fall of 2011. So naturally the Hyundai guys refer to their product onslaught as “24/7.” And the pace won't slow much after those seven models hit the streets. Significant new entries also are planned for 2012 and 2013, including Hyundai's first fuel cell electric vehicle, a redesigned Veracruz full-sized crossover and a replacement for the Azera full-sized sedan.