Auto News 5

General Motors on Friday borrowed another $4 billion from the U.S. Treasury and won a cost-cutting deal from Canadian auto workers as a showdown with bondholders set the stage for a bankruptcy filing by the end of the month. Full story...

General Motors on Friday borrowed another $4 billion from the U.S. Treasury and won a cost-cutting deal from Canadian auto workers as a showdown with bondholders set the stage for a bankruptcy filing by the end of the month. Full story...

Fiat S.p.A. said in court papers on Friday that it is "already concerned" about the "deteriorating value" of the assets of alliance partner Chrysler LLC and that a U.S. district court should not obstruct its sale process. Full story...

Fiat S.p.A. said in court papers on Friday that it is "already concerned" about the "deteriorating value" of the assets of alliance partner Chrysler LLC and that a U.S. district court should not obstruct its sale process. Full story...

As vehicle models move through their life cycle and into the used car market, common problems show themselves, owners chat about their experiences, and the good buys tend to separate themselves from the bad. Looking back to the 2000 to 2005 Chevrolet Impala is a perfect example of the above. Though the current generation Impala has been on sale for years, the previous model stands out as a good buy in an affordable, comfortable sedan-- if you know what to look for. Full story...

Lewis Hamilton is reportedly considering hiring famous Simon Fuller (Idol and Spice Girls creator/manager) to spice up his flailing image. Full story...

If you're a youngster like me, you probably weren't around for the heyday of the Camaro back in the sixties. Gas, tires and insurance were cheap, times were good, and light-to-light drag racing on a Sunday evening was little more than an innocent pastime. Full story...

If you're a youngster like me, you probably weren't around for the heyday of the Camaro back in the sixties. Gas, tires and insurance were cheap, times were good, and light-to-light drag racing on a Sunday evening was little more than an innocent pastime. Full story...

Runaway championship leader Jenson Button, reportedly with a healthy 20 laps of fuel on board, secured yet another pole position on Saturday, on the streets of the famous Monaco street circuit. Full story...

Friday's final stage brought good news and bad news for the BP Ford Abu Dhabi World Rally Team. Full story...

BP Ford Abu Dhabi Team drivers Jari-Matti Latvala and Mikko Hirvonen remain on course for a one-two finish on Rally d'Italia tomorrow, after holding their lead positions throughout today's competition and watching the challenge of their main rival fall away. Full story...

Autodrome St. Eustache's owner and promoter Alan Laborsse announed on Saturday that 1997 Formula World Champion Jacques Villeneuve will make his debut in the NASCAR Canadian Tire Series July 11 on St. Eustache's oval. Full story...

There are no more F1 crisis meetings planned for the remainder of this weekend, FIA president Max Mosley has been quoted as revealing. And while no agreement was finalised so far, parties including the FIA president, Luca di Montezemolo and Nick Fry have commented that common ground is being found. Full story...

Venezuelan inherits win from Chandhok Pastor Maldonado has claimed another win for his glittering collection at Monaco as a result of leading the sprint race today when it was red flagged for an accident by Romain Grosjean. Full story...

Formula one teams may request an extension to the May 29 deadline for official 2010 entries, it emerged after qualifying for the Monaco grand prix. Full story...

Bankrupt automaker Chrysler LLC's advisory firm said in court documents that, based on updated financial information, the financial recovery for lenders and the U.S. government would be worse under a liquidation scenario than it previously thought. Full story...

Opel's European labor leaders voiced their outrage at possible plans from bidder Magna International that foresee harsh job cuts and plant closures, opening up a potential gulf with the Austrian-Canadian auto parts supplier. Full story...

Opel's European labor leaders voiced their outrage at possible plans from bidder Magna International that foresee harsh job cuts and plant closures, opening up a potential gulf with the Austrian-Canadian auto parts supplier. Full story...

The Senate Commerce Committee plans to call the CEOs of Chrysler LLC and General Motors to testify early next month about concerns over their plans to close hundreds of dealerships. Full story...

Fiat has said in an official statement that if it acquires Opel, job losses in Europe will be up to 10,000. Full story...