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U.S. will guarantee GM, Chrysler warranties, Obama says

In a bid to boost flagging auto sales, the federal government will pay for any warranty repairs on a General Motors or Chrysler vehicle if either company can't because of financial problems or a bankruptcy filing, President Barack Obama said on Monday. "Let me say this as plainly as I can. If you buy a car from Chrysler or General Motors, you will be able to get your car serviced and repaired just like always," Obama said in a speech.

Lexus releases first photo of LF-Lc hybrid coupe concept

Lexus LF-Lc Concept - now it's official (click photo for full size) After a leak this morning of a picture of the Lexus LF-Lc Concept, Lexus has decided to be pragmatic and reveal an official photo. After Lexus plans to tease us with their new Detroit Concept were left in tatters this morning when a photo of the LF-Lc Concept leaked from a magazine cover, Lexus has decided to bite the bullet and release an official photo of their new concept car. Just the one, mind you, although we’re sure more will crop up in the coming days.

Fast and Furious star Paul Walker dead at 40

Actor Paul Walker died on Saturday in car wreck in California. He was a passenger in a Porsche Carrera GT owned by friend Roger Rodas. The pair were leaving a charity event for Walker's organization Reach Out Worldwide, in which attendees were meant to bring toys for needy children.