Auto News 5

The Formula 1 cars designed by Red Bull Technology - the Red Bull-Renault and the two Toro Rosso-Ferraris, emerged on top of the timing sheets today in Day 2 of the winter test session held at Circuit de Catalunya, Spain. Full story...

It appears the Indy Racing League (IndyCar series) could be interested in filling the vacant spot left by the cancellation of the Canadian Grand Prix. Full story...

Honda's annual costs are the highest of any competitor on the formula one grid, according to the Japanese team's latest accounts. Full story...

Formula 1 supremo Bernie Ecclestone is confident his plan to replace the current points system with Olympic Games-style 'medals' will be introduced in time for the 2009 season opener. Full story...

The rumour that had been circulating for a while now was confirmed this morning. Ford's fire sale and urgent search for funds have resulted in the sale of most of its stake in the Mazda Motor Corporation. The manufacturer is practically selling the entirety of its assets in the companies of which it held a majority of shares. After the sale of Aston Martin to the ProDrive consortium and the block sale of the British Land Rover and Jaguar brands to the Tata group, it's now Mazda's turn. Full story...

McLaren test driver, veteran Pedro de la Rosa is currently testing with the Force India team at Barcelona's Circuit de Catalunya. Full story...

Financially troubled General Motors will sell well over 16 million shares in Suzuki on the open market- or about 3 percent of the Japanese automakers total issued common stock. Full story...

Driving excitement is seldom a priority of Toyota buyers. They're more interested in reliability, resale value, build quality and what can be described as understated styling. It's almost as if they where allergic to adrenalin. The same logic applies to the 2009 Toyota Camry Hybrid. True, this car has a certain charisma while also being fuel-efficient and flawlessly constructed. But in terms of thrills behind the wheel, the only thing that will send a shiver down your spine is if the interior temperature is too cold. Full story...

It appears the Indy Racing League (IndyCar series) could be interested in filling the vacant spot left by the cancellation of the Canadian Grand Prix. Full story...

McLaren test driver, veteran Pedro de la Rosa is currently testing with the Force India team at Barcelona's Circuit de Catalunya. Full story...

Auto companies would be able to receive emergency aid within a month under a Senate proposal for a $25 billion loan package that circulated here late Monday. Full story...

Auto supplier leaders will join the Detroit 3 chiefs in Washington, D.C., this week to push for emergency federal aid to the automotive industry. Full story...

Automakers that receive federal aid should double the fuel economy of their fleets by 2020, Sen. Bill Nelson, D-Fla., said today. Full story...

A Georgia state senator has filed a bid for the flagship store of bankrupt dealership group Bill Heard Enterprises Inc. On Friday, Nov. 14, Sen. Emanuel Jones bid $12.5 million for the store in Columbus, Ga. Full story...

A lockout of workers by a Canadian supplier of aluminum parts to General Motors and Ford Motor Co. is entering its second week, a labor leader says. Full story...

Thirty-three Chrysler LLC dealers from 25 states converged on Washington today to lobby lawmakers for a bridge loan to get the domestic industry through its crisis. Full story...

General Motors will delay incentive payments to dealers next week in an effort to save cash. The payments for dealer cash, customer cash and other incentives will be delayed from Nov. 28 until Dec. Full story...

Chrysler LLC appears to have a deal with German axle maker ZF Friedrichshafen AG to operate an axle plant being built in Marysville, Mich. Full story...

Some NASCAR watchers expect as many as 1,000 crewmen to lose their jobs in the next few weeks as Cup, Nationwide and Craftsman teams trim their payrolls. One longtime owner predicted cuts will affect every team. Full story...

The Detroit 3's quest to secure emergency federal aid has inspired a rush of letters from our readers. Here's a sampling. We will add more as they come in. Full story...