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Toyota paid $10 million to settle unintended acceleration lawsuit

Toyota Motor Corp. agreed to pay $10 million to settle a lawsuit with the families of four people who were killed in an accident that led to the automaker’s recall of millions of vehicles over unintended acceleration concerns. The settlement was reached in September, but the amount was not made public at the time after both Toyota and the plaintiffs agreed to keep the deal confidential.

Who's Where: High-profile re-organization at General Motors

General Motors' design division has been re-organized in a spate of high-profile restructuring that comes into effect on 1 August. In Europe, David Lyon replaces Mark Adams as Vice President of Design for Opel/Vauxhall in Rüsselsheim while Adams moves Stateside to become Executive Director, Global Cadillac and Buick Design. Ken Parkinson, currently Director North American Exterior Design/Global Architecture Strategy and Chevrolet Brand Champion will become Executive Director, Global Chevrolet and GMC Design.

Tesla system will swap a Model S battery in 90 seconds

"This is the title fight," said Elon Musk, in typical brashness. "This is battery-powered versus gasoline." The Tesla CEO preached this to a crowd of Tesla owners and supporters while formally confirming the company's worst-kept secret: the fact that the Model S sedan's batteries were designed from the beginning to be swapped out. The system Tesla envisioned has plenty of ambitious, techno-wizardry automation, with a focus on as much convenience as possible: The Model S will drive over a pit containing machinery which automatically changes the battery from underneath in approximately 90 seconds -- and the driver doesn't even have to get out of the car.