Auto News 5

Ford has to improve its balance sheet more before restoring common dividends that it canceled four years ago, Chief Financial Officer Lewis Booth said. Full story...

Bugatti introduced the Veyron supercar in India, undeterred by a 110 percent import tax that helps raise the retail price to $3.6 million. Full story...

GM said Thursday it is prepared to purchase $2.1 billion of preferred stock held by the U.S. Department of Treasury upon completion of its public offering. The move marks another step by the automaker to repay $49.5 billion in federal bailout funds. Full story...

Toyota Motor Corp. secretly bought back from U.S. consumers vehicles it found with speed-control defects as part of a strategy to hide unintended-acceleration problems from safety regulators and the public, a revised lawsuit claims. Full story...

As revealed a couple of weeks ago, long time Andretti Autosport driver Tony Kanaan has finally parted company with the team to look for another drive for the upcoming IndyCar 2011 season. Full story...

The 1997 Formula 1 World Champion Jacques Villeneuve admitted during an interview broadcasted on BBC Radio Five Live that he's got virtually no chances to return to F1 next season. Full story...

Kimi Raikkonen's manager has admitted the Finn is no longer interested in returning to formula one in 2011. Full story...

A race contract for an inaugural Bulgarian grand prix in 2012 could be signed as soon as next month, according to the head of the south east European country's motor racing federation. Full story...

The 1997 Formula 1 World Champion Jacques Villeneuve admitted during an interview broadcasted on BBC Radio Five Live that he's got virtually no chances to return to F1 next season. Full story...

As fellow drivers seemingly line up for his seat at Lotus Racing Formula 1 team, Italian Jarno Trulli has been spotted in the US. Full story...

Rubens Barrichello has revealed he hopes to stay with the Williams team in 2011. Full story...

There are different types of winter tires on the Canadian market, and it's important to evaluate your needs in order to select the right tire for your kind of driving. Some buyers drive mostly on highways, others in the city, and yet others in the country. So when choosing winter tires, it's important to know the difference between snow and ice models. Full story...

EFormulaCarNews.com has published its ranking of the more than 200 drivers who appears on the North American formula car racers' list on which three Canadians are in the top-25. Full story...

In January 2008, the concept car for the Audi A7 Sportback was the star of the Detroit Auto Show. Starting tomorrow, the series production model will be available at European dealerships. It is intended as a particularly aesthetic alternative to a classic sedan for customers with an affinity for design. With a base price in Germany starting at E51,650, the A7 is affordably priced for customers who currently drive a model in the range of an A6. The A7 Sportback is initially available with a choice of three engines. Full story...

Beginning today, owners of 2011 Chevrolet models can access their vehicle information and OnStar services right from their smart phones. The myChevrolet and OnStar MyLink applications, available as free downloads, provide drivers with unprecedented connectivity to their vehicles from their Android or Apple iPhone device. Full story...

Subaru of America, Inc. has teamed with its motorsports partners, tuners and enthusiasts to showcase the latest available Subaru Genuine Parts and Subaru Performance Tuning Accessories at the 2010 SEMA show. Subaru will also display the "Fastest STI Ever," the record breaking Nurburgring Subaru WRX STI that lapped the Ring in 7:55:00. The SEMA show will run November 2-5 2010 at the Las Vegas Convention Center. Full story...

This weekend, at Talladega, David Ragan's No. 6 NASCAR Sprint Cup Ford will have a brand new look. Full story...

Bruno Senna, the nephew of the great Ayrton Senna, is in talks to switch for 2011 from struggling HRT to F1's best new team Lotus. Full story...

What's sleek, fast, has a retractable hard top and a penchant for luxury and performance? If you know your cars, there are many that could fit this description. One of them is the subject of this review. The BMW Z4, especially since its most recent facelift, is clearly one of those cars that many guys and gals point to and say: "one day, I'll have one in the garage". Full story...

Another Test Fest comes and goes. After three days of non-stop, back-to-back testing and occasionally beating 48 new vehicles, we now know who the category winners are and, by default, who the finalists are for the coveted title of the AJAC's Canadian Car and Utility Vehicle of the Year. Full story...