Contracted Honda driver Jenson Button could flee the beleaguered team before the start of the 2009 season.
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Bruno Senna may now turn to the Toro Rosso team to fulfil his desire to join the formula one ranks in 2009.
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Jim Pla (FR) secured an excellent starting position for what he hopes will be a successful Formula BMW World Final campaign.
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Toyota Motor Corp. late today said it was cutting North American production of its best-selling cars including the Camry and Corolla sedans in response to rising inventories and a slump in sales.
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DETROIT -- The exit of 5,000 salaried employees in the past week has created )x("",chaos within Chrysler LLC, and the company's suppliers are nervous about a potential bankruptcy filing, according to a report published today.
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Ford Motor Co. is asking Canadian governments for a $2 billion (Canadian), or $1.57 billion U.S., line of credit to tap in the event of a worsening economy.
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Civil rights leader Jesse Jackson wants the 4 million Americans he estimates will lose their jobs if the Detroit 3 go out of business to support the companies with massive, peaceful, public demonstrations.
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German carmaker Mercedes-Benz said today that Formula One teams must cut costs by at least 50 percent over the next two years.
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If the Detroit 3 close more plants in North America, Canada is likely to bear the brunt of it before the United States and Mexico do, an industry analyst said here this week.
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General Motors says it will eliminate eight nameplates by 2012. But determining which vehicles will go isn't as simple as finding eight sales duds in GM's lineups. GM did not release a list of nameplates to be dropped.
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Chrysler LLC retained the services of the international law firm Jones Day as bankruptcy counsel several weeks ago, The Wall Street Journal reported today, citing sources familiar with the matter.
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Chrysler LLC confirmed today that it had hired global law firm Jones Day to assess financial alternatives -- and said the legal firm's analysis supports the auto industry stance that bankruptcy isn't a viable option.
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Chrysler LLC CEO Bob Nardelli says 240 Chrysler dealers have been forced out of business this year because they could not get access to adequate financing.
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Carmakers in India have slashed prices as the once booming industry struggles to maintain sales amid a slower economy and tighter credit.
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Michigan Republican Representative Thaddeus McCotter has proposed a plan to give the US auto industry a much needed bridge loan while also punishing the financial industry for its handling of bail-out funds.
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A senior U.S. congressional leader warned today of an "unmitigated disaster" if a major U.S. automaker were allowed to collapse at a time when the economy is already losing jobs at an alarming pace.
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A key lawmaker in the automaker bailout debate says consensus is building for at least an interim rescue package this year, but questions remain over the source of the federal funds. Rep. Barney Frank, D-Mass.
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Democratic leaders of Congress indicated this evening they have reached agreement on a bailout plan for the Detroit 3. The accord would provide short-term loans to General Motors, Ford Motor Co.
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Honda's withdrawal from Formula One presents an opportunity for another company - not necessarily in the automotive business - to acquire a product or brand marketing channel with a vast global audience, the Motorsport Industry Association's chief executive told just-auto on Friday.
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Home of the best Bologna Motor Show news, Auto Express's team of journalists are live at this years Italian expo bringing you all the latest and breaking news.
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