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Mar
17th

F1: Crisis puts Formula 1 Paddock Club ‘at risk’

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F1 supremo Bernie Ecclestone has downplayed the effect on his business of the global recession, but not all figures are as calm, according to a report in the Financial Times. Full story...
Mar
17th

AMA Superbike at Daytona: Mat Mladin – who else?

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Suzuki rider Mat Mladin won his seventh career Superbike race at Daytona International Speedway Thursday where he led 10 of 15 laps after starting from the pole. Mladin's win was his second Superbike victory in a row at Daytona and his fifth there in the last six years. Full story...
Mar
17th

2009 Chevrolet Malibu 2LT Review

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Road tests often hold a few surprises. For instance, I would have never imagined that I could have as much fun driving a 2009 Chevrolet Malibu 2LT, the ideal representative's sedan. During a 1,200-km road trip in some of the worst conditions you will ever see, I discovered a major difference between this midsize car and its green counterpart, the Malibu Hybrid. Full story...
Mar
16th

GM bondholders present plan for out-of-court restructuring

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Advisers to General Motors' bondholders said today they have presented a framework plan to President Barack Obama's autos task force and the company that provides GM's best chance for an out-of-court restructuring. Full story...
Mar
16th

Supplier Noble seeks emergency funds

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Auto parts supplier Noble International Ltd. said on Monday it is seeking short-term funding from the Detroit 3 automakers, and without the help it is unlikely it will be able to maintain operations to March 23. Full story...
Mar
16th

Auto supplier Noble seeks emergency short-term funds

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Auto parts supplier Noble International Ltd. said on Monday it is seeking short-term funding from the Detroit 3 automakers, and without the help it is unlikely it will be able to maintain operations to March 23. Full story...
Mar
16th

Sonic says it may get ‘going concern’ notice

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Sonic Automotive Inc., which suspended its dividend last month to save cash, said its auditors may raise doubts about the dealership group's ability to continue as a going concern. Full story...
Mar
16th

Florida dealer group offers bankruptcy seminar

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The Florida Automobile Dealers Association is going on the offensive to help dealers protect themselves should they, General Motors or Chrysler LLC enter bankruptcy. Other topics will help dealers manage their stores in a recession. Full story...
Mar
16th

Florida dealership group offers bankruptcy, recession seminar

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The Florida Automobile Dealers Association is going on the offensive to help dealers protect themselves should they, General Motors or Chrysler LLC enter bankruptcy. Other topics will help dealers manage their stores in a recession. Full story...
Mar
16th

First 2010 Shelby GT500, two Mustang concepts to be auctioned:

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Three future Mustang classics will be auctioned off at the seventh annual Barrett-Jackson event April 9-11 in Palm Beach, Fla. Full story...
Check out AmericanMuscle.com and their large selection of Mustang License Plates.
Mar
16th

Suzuki launches TV ad blitz for SX4

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After shunning broadcast advertising for most of the first quarter, American Suzuki Motor Corp. returns to TV todaywith commercials for the SX4 small sedan and hatchback. Full story...
Mar
16th

Visteon expects ‘going concern’ warning

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Visteon Corp. said today that it expects its auditors to issue a "going concern" warning about the company because of industry conditions and the supplier's cash situation. In a regulatory filing, the former Ford Motor Co. Full story...
Mar
16th

Visteon expects ‘going concern’ warning from auditors

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Visteon Corp. said today that it expects its auditors to issue a "going concern" warning about the company because of industry conditions and the supplier's cash situation. In a regulatory filing, the former Ford Motor Co. Full story...
Mar
16th

Review: 2009 Toyota Camry Hybrid

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Review: 2009 Toyota Camry Hybrid
2009 Toyota Camry Hybrid - Toyota Hybrid Sedan Review - Automobile Magazine
Unlike Toyota's Prius, which oozes with about as much environmental street cred as Captain Planet, the Camry keeps a low profile. Subtle badging and, in our case, green metallic paint are the only signs this is a $30,000 hybrid, rather than a low-priced four-cylinder model.

To understand the Camry Hybrid's position in its segment, you need only realize that both the Ford Fusion and Nissan Altima's powertains are based on Toyota's Hybrid Synergy Drive (Nissan actually licenses the technology, Ford's setup is independently developed but essentially identical). If that's not enough, recall that the Camry has been the best selling car in America for eleven of the last twelve years. Clearly, the Camry is the car Nissan and Ford designers had at the center of their sights. Unfortunately for Toyota, both have been quite successful. While the Camry Hybrid is still a strong choice, its age is starting to show.


Photo Gallery: 2009 Toyota Camry Hybrid - Toyota Hybrid Sedan Review - Automobile Magazine


Full story...
Mar
16th

Supplier buys die casting assets from Citation

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Compass Automotive Group LLC has purchased the aluminum and magnesium die casting and machining operations of supplier Citation Corp., in Compass' most recent acquisition of an aluminum components company. Full story...
Mar
16th

INDIA: Insurer hikes engine maker stake

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State-run Life Insurance Corp of India (LIC) has raised its stake in engine maker Cummins India by 2.18% via open market purchases, the insurer said in a statement to the stock exchange. Full story...
Mar
16th

COLOMBIA: Government funds to help automakers

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The Colombian government has confirmed a COP50bn bailout to help the local auto industry cope with a 20% sales decrease. Full story...
Mar
16th

RUSSIA: Amtel-Povolzhye’s tyre output down 65%

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Russian tyre producer Amtel-Povolzhye's output declined by 65% year-on-year to 308,700 tyres in the January-February period, according to data released Monday through Prime-Tass. Full story...
Mar
16th

Fiat’s value to Chrysler will top loans, Nardelli says

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Chrysler LLC's alliance with Fiat S.p.A. will eventually exceed the value of all loans Chrysler gets from the U.S. government, Chrysler CEO Bob Nardelli told employees in an e-mail message today. Full story...
Mar
16th

Fiat technology worth at least $8 billion to Chrysler, Nardelli says

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Chrysler LLC's alliance with Fiat S.p.A. will eventually exceed the value of all loans Chrysler gets from the U.S. government, Chrysler CEO Bob Nardelli told employees in an e-mail message today. Full story...
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