Volkswagen's Czech unit Skoda Auto will cut 3 percent of its workforce, or 870 employees next year, daily Mlada Fronta Dnes reported, citing a union chief.
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Honda Motor pulled out of Formula One racing Friday to save more than $978 million a year as it scrambles to cut costs amid the global market meltdown.
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Toyota Canada Inc. cut the ribbon on a new C$1.1 billion ($859 million) assembly plant in Woodstock, Ontario on Thursday, bringing about 1,200 new jobs to a sector that has been losing jobs rapidly.
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TRW Automotive Holdings Corp. withdrew full-year earnings and sales forecasts on Thursday due to the upheaval in global automotive markets that has forced vehicle producers to cut production.
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Jari-Matti Latvala emerged from the Welsh forests this evening as overnight leader of Wales Rally GB, with a 12.9sec lead over second placed man Sebastien Loeb.
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The 2008 battle for the manufacturers' championship in NASCAR's Sprint Cup started in a very unusual way last January.
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Penske Racing today announced that the organization would campaign the No. 7 Penske Porsche Riley Daytona Prototype in the 2009 Grand-Am Rolex Sports Car Series.
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KV Racing Technology's general manager, Mark Johnson, has told the Indianapolis Star that the team's co-owners, Kevin Kalkhoven and Jimmy Vasser, have expressed their desire to be back in the Indycar series and to be on the starting grid at St. Petersburg.
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Jari-Matti Latvala emerged from the Welsh forests this evening as overnight leader of Wales Rally GB, with a 12.9sec lead over second placed man Sebastien Loeb.
Full story...
KV Racing Technology's general manager, Mark Johnson, has told the Indianapolis Star that the team's co-owners, Kevin Kalkhoven and Jimmy Vasser, have expressed their desire to be back in the Indycar series and to be on the starting grid at St. Petersburg.
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One year after the launch of the Karma Concept, Fisker will unveil the production model at the 2009 NAIAS, in Detroit. The revolutionary Karma becomes the world's first premium sports sedan to use a hybrid powertrain. Performance promises to be outstanding with a 260-horsepower, 2.0-liter, 4-cylinder engine mated to 22.6-kW lithium-ion battery. Total output exceeds 400 horsepower (408) while accelerations from 0 to 100 km/h are completed in 5.8 seconds.
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Penske Racing today announced that the organization would campaign the No. 7 Penske Porsche Riley Daytona Prototype in the 2009 Grand-Am Rolex Sports Car Series.
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British company Cosworth has won the tender to supply a low-cost engine and transmission package in 2010 and beyond, formula one's governing body announced on Friday.
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British company Cosworth has won the tender to supply a low-cost engine and transmission package in 2010 and beyond, formula one's governing body announced on Friday.
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Honda announced on Friday morning its shock withdrawal from formula one.
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The 2008 battle for the manufacturers' championship in NASCAR's Sprint Cup started in a very unusual way last January.
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Japanese driver Kamui Kobayashi powers to victory in Dubai Today's poleman crossed the finish line first after an eventful race in Dubai, Round 2 of the GP2 Asia series.
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Audi will not be represented by its factory team Audi Sport North America in the American Le Mans Series in 2009.
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Force India F1 test driver Vitantonio Liuzzi won the opening round of the second Speedcar season after a dramatic encounter at the Dubai Autodrome.
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