Auto News 5

General Motors is busy getting ready for their hometown show and has announced three more vehicles that will be on display.The beautiful CTS sedan will spawn a Sport Wagon version, which will target buyers currently seeking to dump their SUVs. On sale next summer, the 2010 CTS Sport Wagon will offer 720 litres of cargo space behind the rear seats. Full story...

Mecachrome International Inc., the Renault F1-linked motor sport engineering company, seems on the brink of collapse. Full story...

Shame, all this financial doom and gloom stuff lately. It's depressing sure- but it also takes away from some of the great new stuff our automakers are planning to bring to market. Example? Ford's latest hybrid- the Fusion. Powered by a newly hybridized version of the automakers latest 2.5 liter four cylinder engine, Ford engineers are saying that it will be the most fuel efficient mid-sized sedan in America- with at least a 6 mpg advantage over its key competitor, the Camry hybrid. Full story...

Next year, General Motors will be the biggest seller of vehicles equipped with direct injection in North America. The technology was initially borrowed from the realm of diesel engines, and is proving its ability to save fuel and reduce emissions. BMW, Volkswagen / Audi and Mazda also use the technology in some of their vehicles. Full story...

President Bush has just announced emergency federal loans will be issued to prevent the collapse of General Motors and Chrysler LLC. The announcement came during a White House press conference earlier today. Full story...

Due to obvious lack of financial support and sponsorship, the IRL will have no choice but to cancel next season�E(tm)s IndyCar race at the Belle-Isle circuit in Detroit. This event had been a long time feature on the Champ car calendar and was brought back by Roger Penske in 2007. Full story...

Ferrari driver and 2007 Formula 1 World Champion Kimi Raikkonen will work with a new race engineer during the 2009 season. Full story...

Nicholas Cage was once said: "I consider cars to be objects of art, and since I can't drive a Picasso, I drive them instead. They symbolize freedom." Well, if you are a fan of this Academy Award-winning actor, here's a chance to drive one of his cars: a 1970 Hemi 'Cuda Hardtop. It will be part of Russo and Steele 9th annual Scottsdale collector automobile event in January. Full story...

The first woman in the newly launched Formula Two series, Natacha Gachnang, is likely to have a relative on the F1 grid next season. Full story...

The end of the line for the current SLR comes next year, but it’ll be going out with a bang. Mercedes announced that the final chapter of this generation will debut at next month's Detroit auto show. Full story...

Chrysler has developed a number of significant partnerships in the area of powertrain. They can help to buffer risk and ensure maximum technology coverage to underpin competiveness. Bob Lee, Chrysler's VP for Powertrain Product Engineering, tells just-auto editor Dave Leggett how that works and also considers the challenges ahead for both Chrysler and the auto industry generally. Full story...

Gilles Michel, the managing director of the Citroen brand, is set to leave Europe's second-biggest carmaker PSA Peugeot Citroen to head France's strategic sovereign fund, the Les Echos newspaper said on Thursday. Full story...

Bob Carlson, the affable PR force who formed and shaped America's love of all things Porsche over a 24-year career at Porsche Cars North America, died on Thursday after a long battle with cancer. He was 60. Full story...

Chevrolet won't be rocking on New Year's Eve. The General Motors brand has withdrawn from sponsorship deals with major TV networks as well as any on-the-ground activities in Times Square on Dec. 31. Full story...

Detroit-area Nissan, Infiniti and Mitsubishi auto dealers plan to bring in vehicles off their lots and occupy the Detroit auto show space that was originally allocated to their company's corporate displays, says Joe Serra, the show's senior... Full story...

General Motors' revamped Chevrolet Equinox crossover will carry direct-injection engine technology across the line, boosting fuel economy in the base model while delivering the same amount of horsepower. Full story...

Toyota Motor Corp. is likely to report its first operating loss in half a century in the current year ending March 31 as a result of plunging sales and the strength of the yen, the Nikkei financial daily reported. Full story...

Chrysler LLC will not abandon the NASCAR racing circuit but will reduce spending, a top executive said today. Mike Accavitti, director of Chrysler's Dodge brand and motorsports, said the automaker would not end its involvement with the sport. Full story...

Battery and materials companies are teaming with the Argonne National Laboratory to develop manufacturing capability for advanced auto batteries in the United States. Full story...

We're hearing rumblings that General Motors is likely to show a Cadillac with the Chevrolet Volt's range-extending hybrid powertrain technology at the Detroit auto show. Full story...