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New Honda CEO to focus on R&D

Takanobu Ito, newly named as the next president and CEO of Honda Motor Co., will redouble the company's focus on research as it grapples with a global market meltdown. Honda presidents traditionally cut their teeth at the automaker's cherished development subsidiary, Honda R&D Co. Ltd.

Labour Pushes For Kids-In-Car Smoking Ban

IN A MOVE that could see drivers responsible for ensuring all passengers stub out their cigarettes when in the presence of children, smoking in cars carrying children could become illegal if a vote in the House of Lords is passed. As part of an amendment to the Children and Families Bill, Labour wants to see a specific offence created to discourage people from smoking around children. Crucially, the amendment would make it an offence for drivers of private vehicles to fail to prevent smoking when a child is present.

Chrysler posts first net profit since bankruptcy

Chrysler Group--the U.S. automaker that has survived two ownership changes and a U.S. bailout in the past four years--on Monday reported its first net profit since emerging from bankruptcy in June 2009.