Volkswagen AG froze talks over a merger that could bail out majority owner Porsche SE, leaving the luxury sports car maker scrambling to reassure investors a deal to unite the two was still alive.
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Jon Fogarty passed Scott Pruett at the entrance to the Corkscrew with 22 laps remaining in Sunday's 106-lap Verizon Festival of Speed and held on to give the No. 99 Pontiac Riley its second Grand-Am Rolex Sports Car victory of the season at Mazda Raceway Laguna Seca.
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Simon Pagenaud and Gil de Ferran scored their second American Le Mans Series victory a year after making their debut with a win at the Miller Motorsports Park.
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German driver Klaus Graf started last, but finished first to earn his second victory of the season at Mosport International Raceway Sunday. Graf's No. 6 car had been disqualified following post qualifying technical inspection for a wing height infraction on Saturday.
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Small wagons are pretty much a dying breed these days. Since U.S. consumers loathe this type of vehicle, most automakers have chosen to ignore wagons and instead focus on more popular albeit more conservative four-door sedans. Hyundai is one of the rare few that saw an interesting opportunity, which is why they introduced the Elantra Touring.
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After the Texas Cadillac Ranch comes the Barcelona MINI Ranch! For the 90th edition of the Barcelona Auto Show, held from May 9 to 17 in Spain, the MINI brand decided to impress visitors by aligning four Cooper Clubmans planted tree-like in the ground near the site of the auto show, imitating the famous Texas sculpture created 35 years ago.
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The driver gets her second career victory, the first one from pole and the first one after dominating every test sessions too. She is the first open-wheel female driver to accomplish such a thing.
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Red Bull has succeeded in readying a 'double diffuser' solution in time for this weekend's Monaco grand prix. Until mere days ago, designer Adrian Newey admitted it was "touch and go" whether the RB5, featuring unique pullrod rear suspension, could be modified in time to accommodate the controversial concept.
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Canadian Alex Tagliani will after all take part in next week-end's Indianapolis 500 after his team, Conquest Racing, decided to put him into its second car in place of Bruno Junqueira.
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Brothers Nick and Kuno Wittmer from Montreal had a big week-end ahead of them on Saturday. They were both to take part in both Canadian Touring Car Championship and Speed World Challenge double-header in Mosport.
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Political opposition is posing an obstacle to the health of France's new formula one project, according to Alain Prost. The former quadruple world champion said that while French prime minister Francois Fillon backs the project at Flins-Les-Mureaux, northeast of Paris, there are troublesome "political problems".
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Max Mosley believes Ferrari will lose its court action on Tuesday. He believes Ferrari broke the agreement by establishing the Formula One Teams Association (FOTA), of which president Luca di Montezemolo is chairman.
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The fight between existing formula one teams and the FIA is a spanner in the works of David Richards' prospective entry for 2010. The former Benetton and BAR boss was planning a budget-capped entry for next year, but with major current teams now threatening to quit over Max Mosley's cost-slashing methods, Richards is not yet committing to making the May 29 deadline for a 2010 team entry.
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A 1957 Ferrari 250 Testa Rossa once again blew away the competition, setting a world record for cars sold at auction when it fetched an eye-popping $12.1 million on Sunday at an event on the grounds of the Ferrari factory in Maranello, Italy.
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Chrysler LLC's national dealer council filed a motion in U.S.
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Volkswagen has halted tie-up talks with Porsche. A VW spokesman said on Sunday that Porsche is not ready for a merger. The two companies had planned to meet on Monday to develop plans for a tie-up.
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Honda Motor Co.'s earnings will hit bottom this year and improve beyond that as demand in the United States returns in the second half, CEO Takeo Fukui said.
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The Canadian Autoworkers union said a number of key issues remain unresolved as talks continue with embattled General Motors on a deal that will cut the automaker's costs.
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General Motors' Opel unit might make cars for other manufacturers if car parts supplier Magna International becomes its partner, German newspaper paper Welt am Sonntag reported, citing unidentified sources close to Magna.
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General Motors' Opel unit might make cars for other manufacturers if Magna International becomes its partner, German newspaper paper Welt am Sonntag reported.
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