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Jan
6th

GERMANY: Porsche stake in VW now exceeds 50%

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Porsche has acquired over 50% of Volkswagen, increasing its holding to 50.76% of all ordinary voting shares. Full story...
Jan
6th

Zenvo muscles in – First Pictures

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Danish supercar promises more power than Bugatti Veyron. Full story...
Jan
6th

US: Chrysler leads Big Three plunge

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Chrysler led the Big Three plunge last month with sales off an incredible 53.3% year on year (adjusted for selling days) to 89,327 units. Full story...
Jan
6th

Source: China’s Dongfeng 2008 sales up 11%

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Dongfeng Motor, China's third-largest automaker, sold 1.06 million vehicles in 2008, up 11.4 percent from a year earlier, an industry source said on Tuesday. Dongfeng's passenger vehicle sales increased 14. Full story...
Jan
6th

Toyota plans to halt output for 11 days

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Toyota Motor plans to halt production at all of its plants in Japan for a total of 11 days in February and March in response to flagging auto sales, Japanese public broadcaster NHK reported on Tuesday. Full story...
Jan
6th

ArvinMeritor cutting exec pay by 10%

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ArvinMeritor is cutting base salaries of about 100 senior executives by 10 percent as it looks to conserve cash in response to "worsening economic conditions," the auto parts supplier said on Monday. Full story...
Jan
6th

GM China sales growth slows to 6.1% in 2008

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General Motors said on Tuesday its China vehicle sales rose 6.1 percent in 2008, down sharply from 18.5 percent growth the previous year as a downturn in the economy hit automobile demand. GM and its joint ventures sold 1. Full story...
Jan
6th

ArvinMeritor execs to get pay cuts

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ArvinMeritor Inc. plans to cut the base salaries of its executives by 10 percent beginning Jan. 16 in response to a worsening economy. Full story...
Jan
6th

Ford leads Consumer Reports list of Detroit 3 picks

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Ford Motor Co. dominates a special list of Detroit 3 vehicle recommendations by Consumer Reports in its February issue. The magazine normally recommends cars in its April issue. Full story...
Jan
6th

Chrysler expands credit union loan program

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Chrysler LLC, which launched a test loan program with credit unions in 12 states last month, has expanded the program to all 50 states. Full story...
Jan
6th

ArvinMeritor cutting executive pay by 10%

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ArvinMeritor Inc. plans to cut the base salaries of its executives by 10 percent beginning Jan. 16 in response to a worsening economy. Full story...
Jan
6th

GM to get another $5.4 billion from Treasury

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General Motors will receive a second $5.4 billion installment of its government loan on Jan. 16, the U.S. Treasury said late Monday. In a transaction report for its bailout fund, the Treasury said it has approved the release of a total of $9. Full story...
Jan
6th

F1: Ferrari to bring back pit ‘traffic lights’

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The Scuderia Ferrari Formula 1 team plans to bring back its controversial 'traffic lights' pit stop system for the 2009 season. Full story...
Jan
6th

F1: Ross Brawn confirms Ferrari engine talks

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Honda team boss Ross Brawn has confirmed he is in talks with his former employer Ferrari about securing a customer engine supply for 2009. Full story...
Jan
6th

MotoGP: Kawasaki could remain active through private team

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Team Aspar could run semi-private Kawasaki motorcycles in the 2009 MotoGP season as the Japanese manufacturer pulls out of racing. Full story...
Jan
6th

NASCAR: Steve Hallam moves from F1 to stockcars

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Steve Hallam, an engineer and manager the past 27 years in Formula One, is settling into his new office at Michael Waltrip Racing - and a new life in America after leaving his post as head of operations for team McLaren based in Woking, Surrey, United Kingdom. Full story...
Jan
6th

NASCAR: Steve Hallam moves from F1 to stockcars

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Steve Hallam, an engineer and manager the past 27 years in Formula One, is settling into his new office at Michael Waltrip Racing - and a new life in America after leaving his post as head of operations for team McLaren based in Woking, Surrey, United Kingdom. Full story...
Jan
6th

MotoGP: Kawasaki could remain active through private team

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Team Aspar could run semi-private Kawasaki motorcycles in the 2009 MotoGP season as the Japanese manufacturer pulls out of racing. Full story...
Jan
6th

Karting: Robert Kubica to start own kart team

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The BMW-Sauber racer Robert Kubica has joined the growing ranks of formula one drivers who are also involved with teams in the lower categories of the sport. Full story...
Jan
6th

F1: Ferrari to bring back pit ‘traffic lights’

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The Scuderia Ferrari Formula 1 team plans to bring back its controversial 'traffic lights' pit stop system for the 2009 season. Full story...
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