Good morning. I'm Steve Inskeep. Walk a street in Beijing and you'll likely hear a whirring noise as an electric bicycle glides past. They're common in China. One auto maker wants to make them more common here. The makers of tiny Smart cars put an electric bike on display at the Detroit Auto Show. People at that show can also find bikes with pedals, like the Toyota Prius-branded bike.
The newly redesigned Corvette Stingray is unveiled by General Motors on Sunday. The Corvette's status as a cultural icon presents challenges for GM as it attempts to the bring the beloved brand into the 21st century.
This week, the sleek, speedy Chevy Corvette turns 60 years old. In the increasingly competitive auto business, where few cars make it past their teens, that makes it nearly ancient.
General Motors, however, is not retiring one of America's oldest sports cars just yet, and is embarking on the perilous path of updating the beloved brand. The auto company unveiled the new 2014 Corvette at the Detroit Auto Show on Sunday, a model that also revives the long-dormant Stingray name.
Toyota has agreed to spend more than $1 billion to resolve lawsuits stemming from "unintended acceleration" cases. In November, the company displayed new cars at the Los Angeles Auto show.
Credit Kevork Djansezian / Getty Images
Owners of Toyota vehicles that experienced sudden and unintended acceleration have reached a settlement that could require the carmaker to pay as much as $1.4 billion in claims, according to the auto maker and the law firm representing Toyota customers.
U.S. District Court Judge James Selna, at whose direction the many lawsuits over the "runaway car" fears were consolidated in 2010, will review the proposed settlement Friday.