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Dec
22nd

The Porsche file:

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The 909 Bergspyder--which was built in small numbers in 1968, mainly for hillclimbs--is the lightest Porsche race car of all time. Full story...
Dec
22nd

Porsche racing: Serious business:

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Porsche has always raced in a unique way. Full story...
Dec
22nd

GM and Chrysler bail-out approved

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It’s the news that General Motors and Chrysler have been desperate to hear – the US government has finally agreed to loan to help them stay afloat. Full story...
Dec
22nd

Return of a legend: Cobra Jet drag car back for 2009:

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The latest speed demon from Ford Racing, the Cobra Jet Mustang, is a lock to be a collector’s item--but at least four of them are sure to light up their tires and make it down the strip. Full story...
Dec
22nd

Toyota expected to post first operating loss:

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Further crystallizing the severity of the global economic downturn, Toyota is forecasting its first annual operating loss as a sales slump and rise in the yen eat into the automaker’s usually flush finances, according to a Reuters report. Full story...
Dec
22nd

SLOVAKIA: ZF unit lays off 70

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Clutch producer ZF SachsSlovakia, in Trnava, plans to lay off 70 of its 1,350 employees,mainly production workers, from February, according to a local job centre spokeswoman. Full story...
Dec
22nd

Detroit dealers buy out Al Long Ford

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As pressures increase to thin the number of auto dealerships, a few Detroit area Ford dealers took matters into their own hands. The decision to stop selling new Ford vehicles at Al Long Ford Inc. in Warren, Mich. Full story...
Dec
22nd

RUSSIA: Bankers to mull GAZ aid

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The Nizhny Novgorod government will meet with bankers on Wednesday and Thursday to discuss lending to struggling automaker GAZ Group, the region's governor Valery Shantsev has said. Full story...
Dec
22nd

Porsche at 60: The little sports-car company that could:

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Porsche's essence may have come about when company patriarch Ferdinand Porsche began tinkering with cars. In 1900, he built what may have been the first hybrid, with a combustion engine under the hood and electric motors on the front wheel hubs. Full story...
Dec
22nd

Maserati to reveal Quattroporte Sport GT S at Detroit show:

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Maserati is unveiling a higher-performance version of the Quattroporte at the Detroit auto show--the Sport GT S. Full story...
Dec
22nd

Audi will unveil A7 in Detroit:

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Audi will unveil a concept for its new A7 at the Detroit auto show in January. Full story...
Dec
22nd

JAPAN: Bridgestone slashes profit estimates

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Bridgestone has cut its full-year net profit forecast by 81.8%, with the Japanese tyre company also slashing its sales forecast by 5%. Full story...
Dec
22nd

AUSTRALIA: Holden to build smaller car

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General Motors' Australian unit Holden will build new small car in Australia alongside the Commodore from the third quarter of 2010 with support from the federal and South Australian governments. Full story...
Dec
22nd

UK: Vauxhall talks cost cuts with unions

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General Motors UK unit Vauxhall is reported to be in talks with unions over further cost-cutting measures. Full story...
Dec
22nd

RUSSIA: VW readies for Touareg production

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Volkswagen will begin producing its Touareg full-size SUV in Russia in January 2009, a company press release has announced. Full story...
Dec
22nd

UK: Lotus turns a small profit

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Proton-owned Lotus Group has disclosed a profit of GBP2m for the year to the end of March 2008 compared with a loss the previous year of GBP7m. Full story...
Dec
22nd

Land Rover cancels global adventure competition

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Land Rover has announced that it will cancel a global adventure competition to focus its marketing budget on new product launches in 2009. Full story...
Dec
22nd

Auto suppliers warn, cut jobs

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Two leading U.S. auto suppliers underscored last week the scope of the auto industry's problems when one said it would cut thousands of jobs and another withdrew its financial forecast for 2008. Federal-Mogul Corp. Full story...
Dec
22nd

Analyst: GM equity may vanish in bailout

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General Motors' equity may be largely if not entirely wiped out as it complies with the restructuring targets laid out in the U.S. auto bailout, an analyst at Credit Suisse said. "Over the next two months ... Full story...
Dec
22nd

Report: Tata to inject ‘tens of millions’ into Jaguar

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India's Tata Motors has agreed to inject "tens of millions" of pounds into Jaguar Land Rover to prevent an immediate cash flow crisis, the Financial Times reported on Monday. Full story...
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