Auto News 5

Daimler AG, which is struggling with a slump in sales of its Mercedes-Benz cars and trucks, warned shareholders today that it might face a writedown if Chrysler, its former US subsidiary, were to go bankrupt. Full story...

Three bidders remain for General Motors' Hummer brand, two sources with knowledge of the matter said on Wednesday, adding that current offers range from $100 million to $200 million in cash, in addition to other commitments. Full story...

General Motors CEO Fritz Henderson said on Wednesday the automaker, which is teetering on the edge of bankruptcy, was having constructive talks with governments of Canada and the province of Ontario about future funding support. Full story...

The White House task force charged with retooling the U.S. auto industry is meeting with General Motors officials to accelerate its restructuring process, an administration official said Wednesday. Full story...

General Motors CEO Fritz Henderson said on Wednesday the automaker, which is teetering on the edge of bankruptcy, was having constructive talks with governments of Canada and the province of Ontario about future funding support. Full story...

Subaru's flagship car, the Legacy, has been significantly re-designed and updated for 2010. Recently presented to crowds at the New York International Auto Show, the new Legacy boasts an updated look, some new powertrain hardware and what Subaru says is the roomiest Legacy interior ever. Full story...

Mitsubishi has crossed the genes of the Outlander with the genes of the Lancer Evolution, and the resulting creation will be on display from April 9th at the New York International Auto Show (NYIAS). Full story...

Fire up those forearms, torque-steer fans! The Mazdaspeed 3 is back, exploiting the 3's recent styling language for an even bigger visual punch, including a large vent in the hood. Mazda says the new model will carry forward with an updated version of the MZR 2.3 liter turbo engine that's now cleaner and more efficient, too. Full story...

An official of Formula 1's governing body FIA on Thursday had a high speed crash at the wheel of a contemporary grand prix car. Full story...

Good news for AJ Allmendinger's fans as it was announced that he would remain with Richard Petty Motorsports for at least the next 18 rounds of NASCAR's Sprint Cup. Full story...

British motorsport publication Autosport reveals that the eligibility of the new Audi R15 that won the recent 12 Hours of Sebring is questioned by rivals over a technical issue. Full story...

Serious outdoor fun is better in a seriously fun truck, which is why Toyota Canada is helping Bass Pro Shops Canada celebrate the grand opening of its new Calgary-area store with three days of test drives in strong, comfortable and versatile Toyota truck models. What's more, customers will also have a chance to win a new Toyota Tacoma 4x4 Double Cab pick-up truck with TRD Sports Package, plus a $1,000 Bass Pro shopping spree to help fill the bed with gear for any outdoor adventure. Full story...

A European press release from BMW has confirmed that the premium automaker will soon launch the ultimate flagship sedan of their model lineup. The BMW 760i and 760 Li will boast what BMW says are maximum exclusivity and supremacy, offering owners the highest level of refinement in their segment. Full story...

Performance carmaker Spyker showed their latest work to crowds at the New York Autoshow earlier today. Riding a lengthened chassis and boasting traditionally unconventional Dutch styling elements, the C8 Aileron is a sleek, hand-built supercar that rides an advanced new chassis. Full story...

Fire up those forearms, torque-steer fans! The Mazdaspeed 3 is back, exploiting the 3's recent styling language for an even bigger visual punch, including a large vent in the hood. Mazda says the new model will carry forward with an updated version of the MZR 2.3 liter turbo engine that's now cleaner and more efficient, too. Full story...

Kia's Sorento was kicked out of its top position in the automakers lineup by the Borrego SUV last year, but the smaller and more agile model has just undergone a redesign for 2010 that should keep interest hot. Full story...

Mitsubishi Motors is accelerating its drive toward greater environmental responsibility and reinforcing its "Drive@Earth" global sustainability initiative by announcing today its commitment to develop the pure electric, four-passenger Mitsubishi i MiEV for global markets. Full story...

Fire up those forearms, torque-steer fans! The Mazdaspeed 3 is back, exploiting the 3's recent styling language for an even bigger visual punch, including a large vent in the hood. Mazda says the new model will carry forward with an updated version of the MZR 2.3 liter turbo engine that's now cleaner and more efficient, too. Full story...

ZENN Motor Company is pleased to announce it will offer the 2009 All-Electric ZENN LSV (low-speed vehicle) for an unprecedented price of $9,995 under its Ambassador Program through a combination of an innovative product Ambassador rebate program and a one time federal tax credit. This offer is available through June 30th, 2009 from the Company's network of retailers throughout the United States. Full story...

Subaru Canada announced today the debut of the all-new 2010 Subaru Outback at the New York International Auto Show. The fourth generation of the Outback is roomier and more capable--moving this versatile vehicle outside the scope of easy categorization just as the first Outback did 15 years ago. Full story...