Auto News 5

Visteon Corp., after failing to turn an annual profit since its 2000 spinoff from Ford Motor Co., sought Chapter 11 bankruptcy protection for its U.S. operations. The filing, submitted late Wednesday in U.S. Bankruptcy Court in Wilmington, Del. Full story...

Visteon Corp., the auto-parts maker that hasn't posted an annual profit since being spun off from Ford Motor Co. nine years ago, said on Thursday it had filed for Chapter 11 bankruptcy protection for its U.S. operations. In a filing with the U.S. Full story...

Visteon Corp., the auto-parts maker that hasn't posted an annual profit since being spun off from Ford Motor Co. nine years ago, said on Thursday it had filed for Chapter 11 bankruptcy protection for its U.S. operations. In a filing with the U.S. Full story...

Visteon Corp., the auto-parts maker that hasn't posted an annual profit since being spun off from Ford Motor Co. nine years ago, is preparing to file for bankruptcy, the Detroit News reported. Full story...

The German government will probably decide by the end of June on whether Infineon, Europe's biggest automotive chip supplier, can count on federal loan guarantees to refinance debt, a source familiar with the plans said. Full story...

The German government will probably decide by the end of June on whether Infineon can count on federal loan guarantees to refinance debt, a source familiar with the plans said. Full story...

The German government will probably decide by the end of June on whether Infineon can count on federal loan guarantees to refinance debt, a source familiar with the plans said. Full story...

FRANKFURT (Reuters) - The German government will probably decide by the end of June on whether Infineon can count on federal loan guarantees to refinance debt, a source familiar with the plans said. Full story...

A bid for Opel by China's Beijing Automotive Industry Corp. (BAIC) could still be in the running if the company comes up with a more detailed offer, German Finance Minister Peer Steinbrueck said. Full story...

The European Commission called a meeting of European trade and economy ministers for Friday to discuss the future of carmaker Opel and its plants in Europe, a spokesman said. The meeting is scheduled to take place in Brussels at 3.00 p.m. (1300 GMT). Full story...

Continental AG's banks oppose a deal that would see the of German tire maker and auto parts group take over Schaeffler, a source close to the matter told Reuters on Wednesday. Full story...

India's Tata Motors Ltd. said on Wednesday it has completed refinancing of its $3 billion bridge loan taken to purchase luxury car brands Jaguar and Land Rover from Ford Motor Co. in 2008. Tata, which had already repaid $1. Full story...

Struggling German chipmaker Infineon has asked the German government for 500 million euros ($697.2 million) in loan guarantees, the Financial Times Deutschland reported, citing company sources. Infineon declined to comment on the report. Full story...

Retired American Honda executive Dick Colliver has joined the board of the Automotive Broadcasting Network, a dealer services startup based in Ponte Vedra Beach, Fla. Colliver, 69, was executive vice president of American Honda Motor Co. Full story...

On Tuesday, May 26, Volvo released a new online interactive racing game starring its very own race cars. Online gaming and car enthusiasts can now take part in "Volvo - The Game", developed by the Swedish automaker and domestic partner SimBin. Players can choose from a selection of six cars, including the all-new S60 Concept. Full story...

Azure Dynamics Corporation (TSX: AZD) - ("Azure") or (the "Company"), a leading developer of innovative hybrid green technologies that address environmental and cost issues for operators of commercial vehicle fleets, was recently chosen as a winner at the 24th Annual Canadian Advanced Technology Alliance (CATA) Innovation and Leadership Awards. Azure was recognized with an 'Outstanding Product Achievement' award in the Clean Technology category. Full story...

Without a rapid solution to the teams' FIA standoff, Force India and Brawn will be the next current teams to imminently sign up for the 2010 world championship. Full story...

TORONTO,- A growing number of health care professionals and organizations are speaking out about the devastating impact that the proposed changes to auto insurance will have on accident victims in Ontario. Full story...

The famous Internet brand Google could soon be seen on the painted carbon bodywork of a formula one car. Full story...

According to media reports, Italian Flavio Briatore could buy Renault's formula one team and continue to run it in 2010 and beyond. Full story...