Auto News 5

General Motors Europe said it plans to secure the bulk of financing to secure Opel's future from European loan guarantees after GM decided not to sell the European unit to Canada's Magna International Inc. Full story...

Bitterness, anger and disbelief mixed with betrayal and even resignation are just some of the emotions boiling within Germany following Tuesday's shocking news that General Motors Co. will scrap its sale of Opel. Full story...

The German government regrets a decision by the board of General Motors Co. to retain Opel, a government spokesman said. Germany expected GM to repay 1.5 billion euros in bridge financing provided by German state banks. Full story...

The British government said on Tuesday it would be willing to provide funding to secure the future of Opel sister brand Vauxhall's car plants in Britain after General Motors Co. Full story...

Tell most analysts that Chrysler Group's sales are going to rise to about 3 million in 2014 from roughly 1.5 million this year and here is the reaction you will get: No chance. Chrysler CEO Sergio Marchionne is used to turning doubters in believers. Full story...

For the first time in the history of the year ending NASCAR Sprint Cup Awards Banquet fans are being given an opportunity to attend the December 4th event, which will take place in Las Vegas. Full story...

Canada is readying to roll some Canuk hospitality out into the worldwide supercar scene. Though Canadians are known the globe over for our passion for hockey and pleasant demeanor, HTT is about to give the international community a whole new reason to respect the maple leaf. Full story...

The SEMA show is always packed with a plethora of aftermarket and performance goodies that water the mouths of car enthusiasts from all corners of the globe. Though Korea and Japan have some of the hottest models on display this year, fans of modern American muscle are well represented too, thanks in part to the Hurst Camaro. Full story...

Anyone thinking the Hyundai Genesis coupe isn't sleek or powerful enough will have reason to give the model a second look at the 2009 SEMA show. Full story...

Overall, October was a break-even month. Light vehicle sales were down only 1% over the same period last year, 121,500 from 122,711 units. The fall season typically signifies a slowdown on car sales for everyone and 2009 will be no different... except for some manufacturers. Full story...

I just sat through the first half of Chrysler's webcast on their 2010-2014 plan. The following is summary of most of the interesting points that were discussed buy a few of Chrysler's bigwigs. Full story...

Malton, Ontario -- Even if they need the room, North Americans tend not to opt for minivans and station wagons. At the same time, this group seems instinctively drawn to all-wheel drive. Not too long ago these customers gravitated to SUVs. Now they're driving crossovers. Full story...

The SEMA show is always packed with a plethora of aftermarket and performance goodies that water the mouths of car enthusiasts from all corners of the globe. Though Korea and Japan have some of the hottest models on display this year, fans of modern American muscle are well represented too, thanks in part to the Hurst Camaro. Full story...

The Porsche Panamera has been awarded the Golden Steering Wheel as the Best New Car of the Year in the Luxury Performance Class. With its combination of supreme comfort and outstanding sportiness, and through its unique design, Porsche's Gran Turismo convinced the 50-man jury made up of racing drivers, engineers, celebrities and the senior editors of the Auto Bild Magazine Group trying out the candidates on thorough test drives. Full story...

Here are the main F1 news briefs of this day, Wednesday October 4, 2009 Full story...

Yamaha Motor Canada Ltd. announced today that it is withdrawing from participation in the 2010 Parts Canada Superbike Series. As a result of this decision, there will no longer be an official Yamaha race team or the traditional manufacturer support for the series. Full story...

DETROIT - Given an improving business environment for GM over the past few months, and the importance of Opel//Vauxhall to GM's global strategy, the GM Board of Directors has decided to retain Opel and will initiate a restructuring of its European operations in earnest. Full story...

Factory Five is a small, family-owned company from Massachussetts that is growing at the speed of light. In fact, it's now the world's leading designer and seller of kit cars. However, building cool replicas of actual models was no longer enough for the two brothers in charge, so they decided to start R&D operations. Full story...

An off-road Raptor SVT truck powered by a 411-hp engine, a Mustang Cobra Jet destined for drag racing, a 400-hp Fiesta that scaled Pikes Peak after winning the XGames... American automaker had one thing to say at the SEMA show: Ford is still synonymous with power, and still all-American. Full story...

The Japanese car company Toyota revealed its decision in a news conference in Tokyo today following an earlier board meeting. The current economic situation had prompted its departure. Full story...