Melissa wants a used car that will be as trouble-free as possible.

Australian petrol prices have fallen from five-month highs as a drop in the international benchmark price begins to filter through to the pumps.

Japan’s Toyota Motor Corp says its global vehicle sales fell 13 per cent in 2009 to about 7.81 million vehicles, reducing its lead over Germany’s Volkswagen.

Japan’s Toyota Motor may recall its vehicles in Europe due to an accelerator problem that triggered massive recalls in the United States, a newspaper says.

Fiat reported a higher-than-expected net loss in 2009 but forecast a return to profit as long as European governments continue to offer incentives to buy green.

Luxembourg investment firm Genii Capital – which was backing F1 boss Bernie Ecclestone’s bid to buy Saab from GM – said it was dropping out of the race.

GM interim chief and chairman Ed Whitacre said he agreed to be permanent CEO at the struggling US auto giant, and vowed to repay government loans by June.

Toyota shares fell more than 3.0 per cent in early Tokyo trade on Wednesday after the company announced it was suspending the sale of eight models in the US.

General Motors Co said it has reached an agreement to sell its struggling Saab Automobile arm to the small Dutch luxury carmaker Spyker Cars NV.

Ford Motor Co. will bring 1,200 new jobs to Illinois by shifting production of the new Explorer SUV to its Chicago assembly plant, the automaker announced.