Auto News 5

Supplier BorgWarner Inc. said Wednesday it posted its fourth straight quarterly loss, hurt by weak production volumes and restructuring costs, sending its shares down almost 9 percent. Full story...

Indebted Porsche Automobil Holding SE expects to post a pretax loss of up to 5 billion euros ($7.1 billion) for its current fiscal year due to an expected non-cash book loss from the sale of cash-settled options in Volkswagen AG stock. Full story...

Wolfgang Leimgruber was named Porsche AG's head of the production and logistics Wednesday. Leimgruber, 59, succeeds Michael Macht, who was promoted to Porsche CEO last week following the departure of Wendelin Wiedeking. Full story...

Russian magnate Oleg Deripaska's indebted carmaker GAZ will restructure its debt with Alfa-Bank, allowing it to sign agreements with all creditors, the bank said on Wednesday. Full story...

Continental AG and its owner Schaeffler Group are expected to clash at a supervisory board meeting today over their plans for the company's future. Full story...

A bankruptcy judge is likely to rule today whether auto parts supplier Delphi Corp. can go ahead with its plan to sell its assets to a group of lenders and bring an end to its near four-year bankruptcy case. Full story...

Continental AG and its owner Schaeffler Group are expected to clash at a supervisory board meeting today over their plans for the company's future. Full story...

Scott Steckly charged from the rear of the field and won the Velocity Prairie Thunder presented at a sold out Auto Clearing Motor Speedway in Saskatoon Wednesday night. Full story...

TORONTO, The 2010 Acura RDX goes on sale across Canada on August 10 with a fresh new exterior look, a more luxurious interior, new technology features and improved fuel economy. Full story...

Ford has confirmed its commitment to the FIA World Rally Championship by announcing its continued participation for the next two seasons. Full story...

BREA, Calif. (July 30, 2009) -- American Suzuki Motor Corp. (ASMC) takes a bold step forward today. Known primarily as a maker of small vehicles and high-performance motorcycles, today marks the global debut of the 2010 Suzuki Kizashi (pronounced "Kee-Zah-Shee"), the company's first entry into the all-wheel-drive sport sedan segment. Benchmarked against some of the leading cars in the world, the all-new 2010 Kizashi becomes an instant car-of-the-year contender in its own right. With the launch of the Kizashi, Suzuki delivers a unique blend of dynamic performance attributes with premium design aesthetics and craftsmanship yet to be experienced in this category. Full story...

Mosport, Ontario - The torrential rain that seemingly flushes our summer down the drain did not spare the Mosport International Raceway, near Toronto. It also affected my first contact with the all-new 2010 Mazdaspeed3, forcing me to use my entire bag of tricks and my good old racing reflexes in order to be able to push this sporty compact to the limit. Full story...

Finnish Formula 1 driver Kimi Raikkonen said on Thursday it is possible he will launch a full time rallying career in the future. Full story...

The Canadian-built Acura MDX luxury SUV features a fresh new exterior look for the 2010 model year, along with a revised powertrain that includes a new 6-speed automatic transmission, refined V-6 engine, chassis refinements, more comfort and advanced technologies. Full story...

For enthusiasts looking to get into a European vehicle, the 2005-2008 (B7 chassis) of the Audi A4 is a great option. The popular engine choice for the B7 would be Audi's 2.0-liter turbocharged FSI (Fuel Stratified Injection) powerplant. Full story...

Team Ferrari's official spokesman has confirmed that Brazilian Formula 1 driver Felipe Massa moved out of the intensive care unit at Budapest's AEK hospital on Wednesday. Full story...

Seven-time World Champion Michael Schumacher may be returning after nearly three seasons away from the formula one grid, but he may not be the most nervous member of the Ferrari camp at present, two experts have said. Full story...

The IndyCar series has decided to introduce the use of a 'push to pass' system like the one that was used in the Champ Car days. Full story...

Despite the difficult economic times and the severe drop in sales for all car constructors, French car manufacturer Citroën has opted to continue its involvement in the FIA World Rally Championship. Full story...

In the wake of BMW's shock Formula 1 exit, the sport's remaining car manufacturers insist efforts are afoot to spice up the spectacle. Full story...