fuel efficient vehicles

General Motors says its U.S. sales rose nearly 8 percent last month, led by fuel-efficient vehicles such as the Chevrolet Cruze car.

Ford posted its best first-quarter profit in 13 years, as its new, more fuel-efficient vehicles reached showrooms during a surge in gasoline prices.

Ford reported $2.6 billion in net income, its largest first-quarter profit in 13 years, helped by an expanded portfolio of fuel-efficient vehicles and consumers driving up prices by outfitting their cars with more features.

Ford posted its best first-quarter profit in 13 years, as its new, more fuel-efficient vehicles reached showrooms during a surge in gasoline prices.

Earlier today, General Motors announced that it is withdrawing its request for $14.4 billion in direct loans from the Department of Energy's (DOE) $25-billion program aimed at retooling factories for the production of fuel-efficient vehicles.

As the industry turns toward more fuel-efficient vehicles, classic car owners worry the soul of the cars that symbolized personal freedom, speed, status and sex appeal has been lost.

Car and truck owners looking to junk their gas guzzlers are flocking to dealerships to take advantage of the government's "cash for clunkers" program and buy more fuel-efficient vehicles, boosting sales in showrooms across the country.

The Energy Department is expected to announce that Ford Motor Co. will receive funds from a $25 billion federal loan program to develop fuel-efficient vehicles.

Consumers could receive rebates of up to $4,500 for turning in their gas-guzzling cars and trucks for more fuel-efficient vehicles under a House proposal.