Auto Industry, Nissan | featured news

Ford is joining with Diamler and Renault-Nissan to speed the development of cars that run on hydrogen. The three companies expect their alliance to bring affordable hydrogen fuel cell vehicles to market as early as 2017. Fuel cell vehicles run on electricity generated from hydrogen and oxygen. The only byproduct is water.

Toyota and Nissan they will resume production at all factories in Japan in mid-to-late April at about half their normal pace, joining Honda in an industrywide move to restart production halted by the March 11 earthquake.

Nissan Motor Co recalled Infiniti G35 sedans and coupes affecting as many as 134,000 cars due to a connector that could cause airbags not to deploy during a crash.

The government is poised to disclose that Ford, Tesla and Nissan will be among the first beneficiaries of a $25 billion loan program to help develop fuel-efficient vehicles.

Nissan Motor Co. Monday said it has swung to a fiscal third quarter loss on a "severe downturn in the global economy" and the impact of a strengthened yen, adding the deterioration in business conditions forced the Japanese auto major to slash its full-year profit and revenue forecasts.