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Congressional panel says GMAC has no business plan; suggests break up
GMAC Inc. still has no business plan even after receiving a $17.2 billion investment from the government, and the Treasury Department has been lax in making sure that the bank repays taxpayers, a congressional panel said today.

Bentley to add flex-fuel capability to all Continentals
All Bentley cars in the Continental range will be sold as flex-fuel-only vehicles starting in June. Bentley announced the decision to make its Continental sedan, coupe and convertible flex-fuel at the Geneva auto show.

Toyota Prius acceleration incident reported in New York
U.S. federal regulators said they were looking into a report of another runaway Toyota Prius, this one in Westchester County, N.Y., where police said a woman pulling out of a driveway zoomed across a busy street and into a stone wall.

Chrysler names former VW, Ford marketing exec as N.A. Fiat brand chief
Chrysler Group has named a former Ford and Volkswagen marketing executive to head the Fiat brand in North America. Laura Soave, 37, will be in charge of reintroducing Fiat to North America.

Electric car startup aims to keep Nummi open with zero-emission vehicles
Electric car hopeful Aurica Motors LLC is floating a plan to keep open a California joint venture between Toyota and General Motors by building zero emission vehicles there.

March sales begin like a lion, thanks to Toyota, GM incentives
Fresh Toyota and General Motors incentives boosted the U.S. auto market in early March to the fastest sales pace this year, the auto data Web site Edmunds.com said today. In the first eight days of March, the U.S.

BMW profit beats estimates
FRANKFURT (Reuters) -- BMW CEO Norbert Reithofer said he is "cautiously optimistic" about 2010 as the German premium automaker posted a better-than-expected 2009 profit despite lower vehicle production.

Banks dominate auto finance, overtaking captives
The shake-up among auto lenders touched off by the credit crisis in 2008 continued last year, with banks and credit unions emerging as winners, according to Experian Automotive's AutoCount ranking.

Ralliart unit folds, but Mitsubishi will keep the name
Mitsubishi will continue using the and#8220;Ralliartand#8221; brand name despite the demise of the Japanese racing parts company this week. Ralliart Inc., a wholly owned Japanese subsidiary of Mitsubishi Motors Corp.

Nissan's top U.S. designer, Bruce Campbell, to retire at month's end
Bruce Campbell, who brought a hip American style to several of Nissan Motor Co.'s key models, will retire as the company's top U.S. designer at the end of this month, the company said today.
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