1. The White House announced a nearly $5 billion effort for advanced tech/green vehicles that includes EV everywhere – which translates to a clean energy grand challenge to make electric-powered vehicles as affordable and convenient as gasoline-powered vehicles for the average American family within a decade.
2. Ford boss Alan Mulally didn’t win the lottery. It just looks like he did. He received $58.3 million in Ford stock for turning the company around. Good work if you can get it.
3. Toyota is recalling tens of thousands of Camrys’, Venzas and Tacomas. What else is new?
4. GM is hoping to become the second largest shareholder in PSA Pehgeot Citroen at a cost of $423 million.
5. If you’re in a hurry to get one of those hot new Chevy ZL1 Camaros you might want to hold your horsepower. It appears that there are some quality issues with the first few copies of the car and GM is halting production “for a few more weeks” to make sure they can “resolve the quality issue.” Yikes!
6. In what has to be a first for Twitter. . . Hyundai decided to preview the 2013 Santa Fe on Twitter before it’s New York reveal.
7. Chrysler is changing the April 1 launch date of the new Dodge Dart. Chrysler CEO Marchionne is apparently worried about launch a new car on April Fools Day.
8. Jaguar is changing its logo – again – and again – it looks a whole lot like the old logo. I bet some design company got paid millions for this. I am in the wrong business.
9. Despite higher fuel costs, Americans bought almost 20% more small pickup trucks in Feb 2012 compared to Feb 2011.
10. U.S. safety regulators have opened an investigation into an estimated 360,000 Ford Taurus sedans for a potential problem with the throttle getting stuck in an open position. The National Highway Traffic Safety Administration said it is investigating the 2005 and 2006 model years.