Compact cars are focus of Frankfurt auto show. Among compact cars to be on display: VW Up, BMW i3, and plug-in version of hybrid Prius.
Volvo-Geely deal: The buyer of Volvo, Geely Holding Group, gives the small Chinese automaker a global brand.
Toyota Motor Corp said it would take a $50 million stake in U.S. electric car maker Tesla Motors, a move that gives the Japanese automaker a chance to repair its dented public image and vaults the California start-up on to the world stage.
The US Treasury has announced that it will lose $1.6 billion on a loan it made to Chrysler early last year. Congressional auditors say the American taxpayers could lose upwards of $34 billion in loans to both Chrysler and GM.
Program draws on $705 million set aside in an economic stimulus package earlier this year but leaves many financing details up to the next government.
Global economic crises underscores urgency of the goal, even as it delays progress.