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French government vows Renault reform after meeting with Ghosn

The French government will see to it that the individuals responsible for the now debunked Renault SA espionage affair are dealt with, the Finance and Industry ministers said in a statement. "The ministers underscored that they will pay close attention to organizational reform and individual responsibility (at Renault) based on the result of the audit," Finance minister Christine Lagarde and Industry Minister Eric Besson said in a joint statement after meeting with Renault CEO Carlos Ghosn on Thursday. The French state, which owns 15 percent of Renault, has called for a thorough investigation into discredited claims that three Renault executives were spying on the carmaker, possibly for a foreign government.

Ford shows Edge Concept

Ford took the wraps of the Edge Concept at the LA Auto Show, and the company says the crossover offers strong hints at the next-generation production Edge. The big news is a sleeker shape, front and rear LED lights, better fuel economy and technology that includes self parking and obstacle avoidance. The self parking is a prototype technology using sensors that allow the Edge to be parked at the touch of a button, or remotely.

Chevrolet Corvette No. 1.5 million rolls off the line

The Chevrolet Corvette, one of top icons of America autos, has hit another milestone--1.5 million units built. Corvette No. 1.5 million--a white convertible with red interior, the same as Corvette No.