International giant Magna finally got its hands on an automaker. After the failed negotiations to buy back Chrysler, Magna is getting a European car manufacturer.
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After substituting for injured Vitor Meira at the Milwaukee Mile event for AJ Foyt Racing, Paul Tracy will not continued with the team, both parties having decided to call it quits.
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Stock-Car Montréal, promoter of the NAPA Auto Parts 200 presented by Dodge, initiated major track resurfacing work this week on crucial portions of Circuit Gilles Villeneuve for the upcoming August 29-30 NASCAR race.
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HERNDON, Va., Jun 2, 2009 - Audi and Best Buddies International, a non-profit organization that provides opportunities for one-to-one friendship and integrated employment to people with intellectual disabilities, this weekend joined forces with star quarterback Tom Brady and celebrities for the annual Audi Best Buddies Challenge: Hyannis Port charity bicycle tour and fundraising events.
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Unsurprisingly, the promise of a new economic upswing still hasn't had any effect on car sales. In Canada, the overall numbers were down 16.5 percent in May. Yet, not all manufacturers are posting negative stats.
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Ontario is making sure large trucks and motor coaches meet the province's high safety standards during Roadcheck, an international safety inspection blitz, taking place June 2, 3 and 4, 2009.
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With both General Motors and Chrysler LLC in bankruptcy, Ford Motor Co. is calling for the U.S. government to maintain a level playing field for all auto manufacturers.
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General Motors is requiring all surviving dealers to sign a "participation agreement" asking them to comply with any dealership upgrades that the company imposes in bankruptcy.
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General Motors is requiring all surviving dealers to sign a "participation agreement" asking them to comply with any dealership upgrades that the company imposes in bankruptcy.
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General Motors today requested bankruptcy financing of $15 billion provided predominantly by the U.S. Treasury Department.
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U.S. Bankruptcy Judge Robert Gerber today approved interim bankruptcy financing of $15 billion until the court can act on a GM request for total debtor-in-possession financing of $33.3 billion. Of the $33.3 billion, the U.S.
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The attempted reinvention of General Motors' image begins this week.
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A group of Chrysler minority dealers have filed an objection in U.S. Bankruptcy Court to block Chrysler LLC's plans to cancel their franchise agreements.
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Lawmakers have started lobbying General Motors to locate its new small-car plant in their districts. The company said last week it will retool an idled UAW-GM facility to make as many as 160,000 small and compact vehicles a year.
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As its financial losses mounted in 2005, an increasingly anxious GM sought to cut costs and raise cash. Those efforts proved futile after the global financial crisis hit last fall. GM's exhaustive effort to avoid bankruptcy continued through May.
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President Barack Obama said the U.S. Government would refrain from "all but the most fundamental corporate decisions" about General Motors, leaving company executives to run the new company that will emerge from bankruptcy.
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President Barack Obama said the U.S. government would refrain from "all but the most fundamental corporate decisions" about General Motors, leaving company executives to run the new company that will emerge from bankruptcy.
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You need some cargo room, but you don't want an SUV, a minivan or a pickup. What to buy? Honda thinks it might have an answer in this wagon with a sporty, sloped roofline.
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Delphi Corp. said today that it will receive $250 million from General Motors as part of Delphi's new agreement to emerge from Chapter 11 bankruptcy protection. Delphi also said it agreed to sell to GM its global steering operations and four U.S.
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