Sales of new cars in Russia will tumble by 40 percent this year, a leading business group said after sales plunged 33 percent in January.
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The European new car market tumbled 27 percent in January to 958,500 vehicles,the German industry association VDA said on Thursday.
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Volkswagen will team up with Toshiba to develop an electric-powered version of its subcompact Up concept car after signing a letter of intent on Thursday.
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Bentley will cut 220 jobs from its 3,800 workforce as the luxury brand reacts to falling sales. Workers also take a 10 percent pay cut from April until the end of the year.
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NASHVILLE -- Toyota Motor Corp. said Thursday night it is freezing wages, reducing hours and adopting a voluntary exit program across its North American manufacturing operations.
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Chrysler LLC and Nissan Motor Co. have "paused" a project to share a North American-built small car and a full-sized pickup until they can bring down their costs.
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Chrysler LLC and Nissan Motor Co. have interrupted plans to share a Japanese-built small car and a full-sized pickup until they can reduce costs.
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Volkswagen AG and Toshiba have just signed an agreement to collaborate on the development of electric engines and all the electronics involved in future electric vehicles. The two will also develop high-density battery systems for this next generation of electric vehicles, and are currently fine-tuning the lithium-ion battery technology.
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German automaker BMW used the Internet for the world premiere of its new 5-Series sedan concept, the Gran Turismo. Formerly known as "Progressive Activity Sedan", the Gran Turismo, or GT, will make its first public appearance at the Geneva Motor Show next month.
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The cabin in the provided photos shows a bright, airy and energetic environment-- characterized with a sporty bucket seat for each of four occupants and bisected by a flow-through centre console. Interior assembly details appear sophisticated and highly detailed, and the cabin is further dressed up with metallic accents, wood trim and contrasting colors.
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Heinz Harald Frentzen clocked the fastest qualifying time this evening at the Losail International Circuit claiming pole position on the starting grid for Speedcar Series' first night race at the Losail International Circuit in Qatar.
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Beyond their wildest expectations, veteran drivers Scott Riggs and Jeremy Mayfield used superspeedway Toyota Camrys that were built a year-and-a-half ago and managed to shine in both Gatorade duels to finally make the cut for the Daytona 500.
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Bernie Ecclestone, Formula 1's chief executive, has offered to help young German driver Sebastian Vettel find his way into the cockpit of a top car.
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Qualifying for NASCAR's Daytona 500 is not a simple task. In other Sprint Cup races, qualifying is performed by running a few laps.
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Formula 1 teams are already enjoying higher commercial rights revenues, according to the sport's chief executive Bernie Ecclestone.
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Ferrari driver Kimi Raikkonen and Toro Rosso's Sébastien Bourdais led the way in the two Formula 1 private test sessions held Friday in Bahrein and Jerez.
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Gianni Morbidelli won the first-ever Speedcar Series night race at Losail in Qatar on Friday night, heading home Vitantonio Liuzzi. Canadian driver Jacques Villeneuve, the 1997 Formula 1 World Champion finished 5th.
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German automaker BMW used the Internet for the world premiere of its new 5-Series sedan concept, the Gran Turismo. Formerly known as "Progressive Activity Sedan", the Gran Turismo, or GT, will make its first public appearance at the Geneva Motor Show next month.
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The new MINI convertible was unveiled just a few weeks ago in Detroit, and already the John Cooper Works high performance version will make an appearance at the Geneva show next month.
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Following the two Gatorade Duels, here is the official starting line-up for this Sunday's Daytona 500.
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