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Top student technicians compete for $12 million in scholarships

Jimbo Paranada and Marc Paguirigan wore their leis made of lucky Hawaiian ti leaves, but it wasn't quite enough to give the Maui High School students the win in the 62nd-annual Ford/AAA Student Auto Skills national competition on June 14 at Ford World Headquarters in Dearborn, Mich. The Hawaiian duo finished second to the two-person team of Matthew Saunders and Drew Torrey from Vale High School in Vale, Ore. The Oregon pair won the title of "America's Best Student Auto Technicians," outscoring at field of state champions from all 50 states.

Post-World War II Japanese tin toys on display in New York

During the rebuilding of Japan after World War II, a Japanese toy designer took a discarded tin can and molded it into an intricate model car. Just inches in length, it created a phenomenon in the 1940s and '50s in Japan called “buriki.” Buriki is derived from “blik,” which is Dutch for "tin toy." A collection of 70 tin-toy vehicles manufactured in Japan is currently on display at New York's Japan Society Gallery. The exhibit, called “Buriki: Japanese Tin Toys from the Golden Age of the American Automobile, The Yoku Tanaka Collection,” runs until Aug.

Ford slows rate of cash burn in posting $1.4 billion net loss

Ford Motor Co., the only U.S. automaker operating without federal bailout loans, burned through $3.7 billion in cash during the first quarter in posting its fourth straight quarterly loss. Ford slowed the burn rate from the fourth quarter of 2008, when cash declined by $5.5 billion.