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Plunging sales hammered North American profits at Honda Motor Co. in the carmaker's fiscal first quarter but weren't bad enough to scuttle the company's earnings outlook. Full story...

Honda Motor Co. posted an 88 percent fall in operating profit as demand slumped, but the automaker beat expectations for a loss and lifted its forecast for the year on the back of an improved outlook for its global car sales. Full story...

2009 Toyota Matrix XRS

It's neither crossover fish or SUV fowl, but the 2009 Toyota Matrix is still a quirky small wagon.

The Matrix pitches over bumps like an ox cart and suffers from torque steer even though there's not much torque to speak of, but I actually caught myself enjoying this unassuming little Toyota.inline_mediumwraptextright2009 Toyota Matrix XRS29138610/reviews/editors_notebook/0907_2009_toyota_matrix_xrs0907_02+2009_toyota_matrix_xRS+front_three_quarters_view.jpgTrue

Photo Gallery: 2009 Toyota Matrix XRS - Toyota Midsize Hatchback Review - Automobile Magazine

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Volkswagen AG does not currently have to tap equity markets for fresh funding, possibly to finance the purchase of a stake in Porsche Automobil Holding SE's sports car business, VW's CEO was quoted as saying. Full story...

Volkswagen AG does not currently have to tap equity markets for fresh funding, possibly to finance the purchase of a stake in Porsche Automobil Holding SE's sports car business, VW's CEO was quoted as saying. Full story...

Russia's AvtoVAZ, which is partly owned by France's Renault SA, denied on Tuesday it plans large-scale layoffs after suppliers said the company told them it was overstaffed by about 25 percent, or 27,000 workers. Full story...

Kia Motors has today released the first images of its new premium saloon due to go on sale in Korea at the end of the year. Full story...

Saudi Arabia is currently the world's leading oil producer and exporter, but that doesn't mean the country is being left behind in the shift towards emission-free motoring. On the contrary, one of the Kingdom's leading universities has just signed one of the world's biggest-ever electric vehicle (EV) infrastructure deals, commissioning Brighton-based Elektromotive to install 150 Elektrobay charging stations across its campus by September 2009. Full story...

Canadian race car driver Bruno Spengler, member of the works Mercedes-Benz AMG team in the DTM series, is featured in Mercedes-Benz's latest video about the new sports car of the make, the mighty SLR Stirling Moss. Full story...

If Nelson Piquet's future was previously only in doubt, it is now a near certainty that the 23-year-old will never return to the cockpit of a Renault. Full story...

Michael Schumacher on Wednesday afternoon announced he is looking forward to the challenge of replacing his injured former Ferrari teammate Felipe Massa at forthcoming grands prix. Full story...

Kumho is a tyre manufacturer with a conscience. It produces millions of tyres for today's SUVs, but is acutely aware that such vehicles will have to change dramatically if they are to survive ever greener vehicular legislation. Full story...

On Wednesday morning, Auto123.com had a lengthy phone conversation with former Formula 1 World Champion Jacques Villeneuve currently in Europe for business. Full story...

Glattbrugg, Switzerland - Dealers are trying to attract customers to their showrooms any way they can. After the Brits and the Americans with their "Retire your Ride" programs, the Chevrolet dealers of Switzerland are offering an exchange incentive for any means of transport, by it two-, three- or four-wheeled. That's right, any. Full story...

Alex Tagliani won't be back behind the wheel of the No.34 Dallara of Conquest Racing, the team having no more budgets to complete the 2010 IndyCar season. Full story...

Who says you can't teach an old dog new tricks? At the tender age of 79 (soon to be 80 in September) Sir Stirling Moss started his first desk job today at Motor Sport magazine's riverside offices in London. It is only for one day, but we are very honoured to have him join us as our guest editor. Full story...

Both automakers Toyota and Mercedes on Wednesday played down speculation they may follow in BMW's footsteps and withdraw from formula one. Full story...

After a confusing day of speculation on Tuesday, Ferrari once again admitted it is in fact possible Michael Schumacher could be drafted in to replace the injured Felipe Massa. Full story...

Ferrari driver Felipe Massa has no memory of his Hungarian GP qualifying crash but he has not forgotten his appetite, the Brazilian's father Luiz Antonio has revealed. Full story...

BMW announced at an urgent press conference in Munich on Wednesday morning that it would withdraw from formula one at the end of the 2009 season. Full story...