Auto News 5

Peugeot has revealed first details of its first in-house-developed crossover, and diesel-electric hybrid, the 3008. Full story...

Citigroup expects the profits of European auto companies to turn negative in 2009 and "an almost universal passing of dividends" for the year, and revised its ratings on some European car makers. Full story...

German auto parts giant Continental plans to raise its capital by about 1 billion euros ($1.31 billion) to repair its balance sheet following the renegotiation of covenants that govern an 11. Full story...

2009 Mercedes-Benz S63 AMG

The 2009 Mercedes-Benz S63 AMG offers stupefying levels of performance and luxury, but is it worth the extra $42,000 over the price of an S550?

Earlier this year I spent some time behind the wheel of a Mercedes-Benz S63 AMG, and I walked away a bit underwhelmed. But I had the same car again for a weekend and loved every minute of it.

Photo Gallery: 2009 Mercedes Benz S63 AMG - Mercedes Benz Luxury Sedan Review - Automobile Magazine

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Europe's new-car sales fell nearly 8 percent last year with Spain the hardest hit of the big five markets. Unit sales in Spain dropped 28.1 percent to 1.16 million cars, according to ACEA, the European carmakers association. Full story...

Nissan Motor, Japan's third-largest automaker, will post an annual operating loss instead of a previously forecast profit, hurt by sliding sales and a soaring yen, a company source said on Thursday. Full story...

Nissan Motor, Japan's third-largest automaker, will post an annual operating loss instead of a previously forecast profit, hurt by sliding sales and a soaring yen, a company source said on Thursday. Full story...

Chrysler LLC, which just got a $4 billion federal bridge loan to keep it afloat, is moving the Jeep account back to BBDO, Detroit, effective immediately. Full story...

American Axle and Manufacturing Inc. says its fourth-quarter sales fell about a third due to sharply lower vehicle production. Full story...

When you compare the Lexus IS to other sports-luxury compacts, such as the Cadillac CTS, the BMW 3-Series, the Audi A4 and the Mercedes-Benz C-Class, you'll notice something peculiar; it has a much lower base price. That wasn't always the case, though. When the second-generation IS was rolled out for the 2006 model year, it has a base price of $36,300, which was more the base models of all the competitors mentioned above, except for the Mercedes. Full story...

When you compare the Lexus IS to other sports-luxury compacts, such as the Cadillac CTS, the BMW 3-Series, the Audi A4 and the Mercedes-Benz C-Class, you'll notice something peculiar; it has a much lower base price. That wasn't always the case, though. When the second-generation IS was rolled out for the 2006 model year, it has a base price of $36,300, which was more the base models of all the competitors mentioned above, except for the Mercedes. Full story...

Michelin is taking advantage of the international window provided by the Detroit Auto Show to launch its Energy Saver all-season tire technology designed for passenger cars travelling under 16,000 km per year. The tire is part of the Green X range and will likely be marketed during the summer of 2009. Full story...

Like a monarch's limousine, the automobile used by the president of the United States has a special meaning. An aura seems to surround it. Originally a simple mode of transport, the automobile quickly became a ceremonial vehicle. Full story...

Toyota launched its 2009 contender online on Thursday, revealing the goal to finally win a grand prix and scotching rumours this might be the Japanese marque's last season in formula one. Full story...

Excitement abounded in every member of Ford's team at this year's Montreal Auto Show as several exciting models were presented to the press and public. Full story...

Italian manufacturers Ferrari and Maserati will be bringing visitors to the 41st annual Montreal Auto Show a taste of their latest and greatest in the coming ten days. Full story...

IndyCar team KV Racing Technlogy has recently announced that Brazilian Mario Moraes would be behind the wheel of one of its Dallara-Hondas. Full story...

Don't you all feel like you are in your doctor's waiting room looking through all the magazines trying to find something, anything on NASCAR? Full story...

RE/MAX has announced that it would end its title sponsorship of the ARCA (Automobile Racing Club of America) series following the 2009 season. Full story...

Toyota's F1 engine boss Luca Marmorini has left the team, it emerged on the day of the launch of the new TF109 racer. Full story...