Auto News 5

German supplier Continental reported underlying operating profit collapsed during the first quarter amid plunging revenue, but it said on Wednesday it expected a noticeable improvement ahead. Full story...

German supplier Continental reported underlying operating profit collapsed during the first quarter amid plunging revenue, but it said on Wednesday it expected a noticeable improvement ahead. Full story...

German supplier Continental reported underlying operating profit collapsed during the first quarter amid plunging revenue, but it said on Wednesday it expected a noticeable improvement ahead. Full story...

The National Automobile Dealers Association, bracing for a possible General Motors bankruptcy, is asking dealers to contribute to a legal fund to protect their interests Full story...

Denso Corp., the world's second-biggest partsmaker, is forecasting a second straight year of losses as a result of continued declines in European and U.S. new-car sales at top customers such a Toyota Motor Corp. Full story...

Renault plans to manufacture a new 1.6-liter four-cylinder diesel engine at a factory near the northwestern French city of Cleon. Full story...

French tire manufacturer Michelin said first-quarter sales fell 14.2 percent to 3.5 billion euros. The company said its 2009 focus would be on cash as the auto industry battles the financial crisis. Full story...

TORRANCE, Calif., April 29 / -- The Scion tC sports coupe retains its value and carries into the 2010 model year unchanged and with no increase to its base price. The 2010 tC will arrive at dealerships in May. Full story...

"We are thankful to the Chrysler UAW members for their support in ratifying this contract, especially during these challenging times. This was a necessary step as we move forward in revitalizing this great Company. Today's vote enables us to continue our work to meet the conditions laid out by the U. S. Treasury Department. The entire Chrysler leadership team believes in and appreciates the men and women that make up our great workforce worldwide." Full story...

OTTAWA, April 29 /CNW Telbec/ - Canada's Transport Minister, John Baird, announced today that Frito Lay Canada is the recipient of the 2009 SCL Green Supply Chain Award. The award, which is issued by Supply Chain and Logistics Association Canada (SCL), is sponsored by Transport Canada and was presented yesterday in Vaughan, Ontario. Full story...

Contrary to his hints of the past, Bernie Ecclestone insists he is now not so sure that two-time World Champion Fernando Alonso will move to Ferrari in the near future. Full story...

Carl Edwards has confirmed that he will be driving his Roush Fenway racing No.60 car for the third edition of the Nationwide NAPA Auto Parts 200 that will be held on Circuit Gilles Villeneuve in Montreal this coming August. Full story...

General Motors today announced pricing for the all-new 2010 Buick Allure luxury sedan, which startsat an MSRP of $32,745 and arrives in showrooms this summer. Available in frontand all-wheel-drive, the Allure is powered by a choice of two fuel-savingdirect injection V-6 engines paired with six-speed transmissions and delivers precisesuspension tuning for driving control and comfort unlike any Buick before it. Full story...

OTTAWA, April 29 /CNW Telbec/ - Canada's Transport Minister, John Baird, announced today that Frito Lay Canada is the recipient of the 2009 SCL Green Supply Chain Award. The award, which is issued by Supply Chain and Logistics Association Canada (SCL), is sponsored by Transport Canada and was presented yesterday in Vaughan, Ontario. Full story...

The first edition of the Enduro of the Champions Pole-Position Speed HD indoor karting event was held April 25 at Kart-O-Mania, Montreal. Twelve teams entered in the grueling and exhausting six-hour race, including one from Auto123.com. Full story...

A1GP World Cup of Motorsport has been forced to cancel round eight of the 2008/09 season, A1GP Mexico City, Mexico on 22-24 May after the recent outbreaks of swine flu and the advisory from the UK Foreign Office to cancel non essential travel to the country. Full story...

Coming next May 5th, regulars Stanton Barrett, Mike Conway, Robert Doornbos and Raphael Matos will begin preparations for the 2009 Indianapolis 500 in what is called Rookie Orientation Day. Full story...

One solution to the swine flu crisis for formula one would be to stage grands prix without spectators in the stands. Full story...

After a meeting of the World Motor Sport Council on Wednesday, FIA president Max Mosley said Formula one will proceed with budget capping to be introduced next year. Full story...

Red Bull Racing boss Christian Horner has dismissed speculation that Sebastian Vettel could be lost to the BMW-Sauber team in less than two years. Full story...