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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.

Austin Healey involved in racing's deadliest crash sells for more than $1 million

The Austin Healey 100 that was involved in motorsport's deadliest crash during the 1955 24 Hours of Le Mans sold for more than $1 million during Bonham's December Sale at Mercedes-Benz World in England on Dec. 1. On lap 35 of the race, the Austin Healey, driven by Lance Macklin, made a sudden move to pass the hard-braking No.

Ford Escape, Fusion get software fix

Ford says it has developed a fix for the potential engine fire problem that prompted it to recall nearly 90,000 copies of the new Escape and Fusion with the 1.6-liter EcoBoost engine. Ford traced the problem to a glitch in the engine software that could lead to an engine fire in the event of pressure dropped in the cooling system. So dealers will update the software on the recalled vehicles.