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Jan
30th

Hayes Lemmerz amends loan terms

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Wheel supplier Hayes Lemmerz International Inc. has amended its senior secured credit facility, the company said in a statement. But the supplier says it can't promise it will meet the terms of the amended loan. Full story...
Jan
30th

Mitsubishi expands Lancer line

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Mitsubishi will import a five-door version of its Lancer sedan this summer. The five-door will be a 2010 model and will come in two variants: a 168-hp Sportback GTS and a high-performance, 237-hp Sportback Ralliart. Full story...
Jan
30th

Corker has ‘outstanding issues’ with UAW concessions

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Sen. Bob Corker of Tennessee is not yet convinced that the UAW has given up enough to support the federal loans offered to General Motors and Chrysler LLC. Full story...
Jan
30th

Hard sell: Japan’s top Big 3 dealer faces mounting troubles

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If you think it's tough selling the Detroit 3 lineup in the United States, try hawking a Cadillac or Jeep in Japan. Especially these days. Full story...
Jan
30th

Mitsubishi confirms Lancer Sportback for the States:

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In the wake of its rumored U.S. arrival, Mitsubishi is officially confirming the addition of the Lancer Sportback to its North American product portfolio. Full story...
Jan
30th

2008 Lexus IS-F – Four Seasons Update – January 2009

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2008 Lexus IS-F - Four Seasons Update - January 2009
2008 Lexus IS-F - Four Seasons January 2009 Update - Automobile Magazine
Lexus finally builds a proper sports sedan and we've got our hands on a nice blue one for a whole year.

Just what is in a name? When it comes to the Lexus IS-F, it depends on who you talk to. Some say the letter F comes from the original prototype for the Lexus LS400. When the first model for the Toyota luxury brand was being developed, the project was call F1 or circle F. Because the LS400 wasnt sold in all markets, the more official story on the nature of the IS-F nomenclature is that the hot Lexus was developed at Fuji Speedway, hence the name with the letter F. Either way, Lexus finally builds a proper sports sedan and we've got our hands on a nice blue one for a whole year.


Photo Gallery: 2008 Lexus IS-F - Four Seasons January 2009 Update - Automobile Magazine


Full story...
Jan
30th

Ford and Shelby pair up on GT ‘R Model’:

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Ford and Shelby collaborating on a Mustang isn't news, it's the norm. But when they're doing something they haven't done in more than 40 years, and the price tops $100,000, it must be something special. Full story...
Jan
30th

Updated Mazda MX-5 to roll out at Chicago show:

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Following its world debut last October at the Paris motor show, Mazda’s 2009 MX-5 roadster will have its North American rollout party at the Chicago auto show. Full story...
Jan
30th

GERMANY: Porsche sees H1 revenue and profit down

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Porsche expects to post a revenue fall of 14.3% to about EUR3bn for the half year ending 31 January, the sportscar maker said on Friday. Full story...
Jan
30th

US: AAM reports $1.2bn loss for ’08

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American Axle & Manufacturing (AAM) has reported a net loss of $112.1 million or $2.17 per share in the fourth quarter. This compares to a net loss of $26.8 million, or $0.52 per share, in the fourth quarter of 2007. Full story...
Jan
30th

INDIA: Tata posts Q3 loss

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Jaguar Land Rover owner Tata Motors lost INR2.63bn rupees ($54m) last quarter due to falling sales, material price rises and unfavourable exchange rates. Full story...
Jan
30th

SOUTH KOREA: Govt to end Ssangyong suppliers’ support

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The South Korean government will discontinue assistance for struggling parts suppliers to Ssangyong in the face of worsening economic conditions, an official said Friday. Full story...
Jan
30th

RUSSIA: Government mulls GAZ bailout

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The Russian government is widely expected to bail out GAZ Group next week, according to Russian media reports. Full story...
Jan
30th

US: Chrysler cites progress, confirms did talk with GM

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Chrysler is making "continued progress in gaining cost concessions from its key constituents as the company pursues a global strategic alliance with Fiat," the automaker has said. Full story...
Jan
30th

Lotus adds Soul to all-new Kia

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If you want help selling your Soul, who better to lend a hand than Lotus? Kia has turned to the legendary engineering firm to work its magic on its forthcoming supermini-MPV.We drove the car in October 2008. Full story...
Jan
30th

Court approves Key Plastics’ prepackaged bankruptcy

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Key Plastics LLC's prepackaged Chapter 11 bankruptcy has received court and creditors' approval, the company said in a release. The plan, confirmed yesterday in U.S. Full story...
Jan
30th

MEXICO: VW to axe Puebla jobs

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Volkswagen's Mexican unit is set to axe 800 jobs at its plant in Puebla, which will also have a shutdown in March and an extended Easter break. Full story...
Jan
30th

Scoop! New Vauxhall Astra shapes up for green future – First Pictures of new Astra

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Set to debut at the Frankfurt show in September before going on sale in early 2010, Auto Express can reveal the new Astra in all its glory. Full story...
Jan
30th

UK: BMW (UK) gets new MD

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Tim Abbott has been named the new Managing Director of BMW (UK) and will take up his new position on 1 February 2009. Full story...
Jan
30th

SLK Gullwing set for take-off

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Classic Gullwing body styling meets state-of-the-art hybrid technology as Mercedes readies new SLK flagship Full story...
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