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Signs of the harsh economic times that will prevail in the near future in NASCAR as Dale Earnhart Jr announces that he will scale down its Nationwide team, JR Motorsports, to only a one car operation next season.

BMW Management Chairman Dr. Norbert Reithofer recently made a statement about the international financial crisis and how it relates to BMW group's operations. "The international financial crisis has gained further momentum in the third quarter, and has now hit the real economy with full force" he said- before stressing that BMW is prepared to meet economic challenges and that they remain a strong performer with a solid foundation that will help to 'weather the storm'.

The two well-known Sprint Cup teams Chip Ganassi Racing and Dale Earnhardt Inc. have entered discussions that could lead to a merger between the two organizations according to reports in the media.

According to Honda team principal Nick Fry Formula one officials are in discussions to return the category to North America. And that is not in Montreal...

Following a number of controversial decisions in 2008, Formula 1's governing body - the FIA - announced on Wednesday some changes to the stewarding system.

Hot news about new Formula 1 champion Lewis Hamilton, Honda's Jenson Button, Bernie Ecclestone and Toro Rosso' Sébastien Bourdais.

Five-time World Rally Champion Sébastien Loeb - nicknamed the "Michael Schumacher of Rallying" - will soon drive a Red Bull-Renault Formula 1 car, and then taste the diesel power of the Peugeot 908 Le Mans car.

Hot news about new Formula 1 champion Lewis Hamilton, Honda's Jenson Button, Bernie Ecclestone and Toro Rosso' Sébastien Bourdais.

When has a Volvo ever sparked such a firestorm of attention? In one quick stop at a gas station, I was drawn into two separate conversations about the C30 T5 R-Design. The first gent led off with the usual, "how do you like C30?" The second fellow launched by informing me of his wife's desire to own a C30. Thanks to the tremendous appeal of Volvo's youth-oriented hatch, my quick hit of fuel became a rather protracted social event.

The two well-known Sprint Cup teams Chip Ganassi Racing and Dale Earnhardt Inc. have entered discussions that could lead to a merger between the two organizations according to reports in the media.

Young hopeful and 2007 Canadian Tire NASCAR series champion Andrew Ranger won't probably be back this year in the Nationwide series according to his manager Alan Labrosse.

Signs of the harsh economic times that will prevail in the near future in NASCAR as Dale Earnhart Jr announces that he will scale down its Nationwide team, JR Motorsports, to only a one car operation next season.

According to Honda team principal Nick Fry Formula one officials are in discussions to return the category to North America. And that is not in Montreal...

General Motors and Ford Motor Co. posted more than $27 billion of net losses in the first half of 2008 -- and that was before a deepening economic slowdown pushed industry sales to 25-year lows. Read more ...

Auto parts maker Linamar Corp. reported a 56 percent drop in quarterly profit today as volumes fell significantly and costs climbed. The company, which makes precision automotive components for engines and transmissions, earned C$11. Read more ...

Additional help for distressed U.S. automakers is under consideration by Democratic congressional leaders, but the shape of any assistance and a timeframe for action must await the outcome of today's election, aides said. Read more ...

North American vehicle sales are falling so precipitously that automakers must accelerate fourth-quarter production cuts or risk an inventory glut by year end, analysts said today. Read more ...

For the second time in less than a month, German wiring supplier Leoni AG has cut its 2008 sales and earnings targets.The company, Europe's No. 1 wiring supplier, blamed global cuts in auto production. Read more ...

American Le Mans Series team B-K Motorsports announced that it will no longer operate, due to the retirement of owner Bob Bach. B-K led the ALMS program for Mazda North American Operations and MAZDASPEED Motorsports Development since 2005. Read more ...

American Le Mans Series team B-K Motorsports announced that it will no longer operate, due to the retirement of owner Bob Bach. B-K led the ALMS program for Mazda North American Operations and MAZDASPEED Motorsports Development since 2005.