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Ford celebrates massive profits. US automaker Ford is celebrating its resurgence after posting their highest profits in over a decade! They earned $6.6 billion dollars in 2010, versus $2.7 billion in 2009. This comes as a result of improved sales and severe cost-cutting. However, their profit still fell short of Wall Street expectations.

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Toyota recalls ANOTHER 1.7 million cars. Toyota has just issued another major recall! This time, 1-point-7 million cars worldwide are being called back due to leaky fuel pipes! The majority of the faulty cars are in Japan, but an additional 240-thousand Lexus models built in the US between 2006 and early 2009 are also affected.

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Toyota retains status as largest automaker. Despite callbacks and safety issues in millions of models around the globe, Toyota retained its title as the world’s largest automaker in 2010. The Japanese company sold 8-point-4-2 million cars last year, narrowly edging General Motors’ tally of 8-point-3-9 million. Solid growth in China and other Asian nations helped Toyota boost sales by 8-percent.

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