From GMM
The clock is ticking if the Nurburgring wants to book a place on the 2013 calendar.
That was the warning issued on Friday by F1 chief executive Bernie Ecclestone, after the German circuit's management last week launched a voluntary insolvency process.
The news has gravely endangered the Nurburgring's formula one race, with the track scheduled to appear on the 2013 calendar as per the alternation arrangement with Ecclestone and Germany's other grand prix venue, Hockenheim.
In an interview due to be published by Rhein-Zeitung newspaper on Saturday, Ecclestone confirmed reports he has offered by waive the Nurburgring's mandatory race sanctioning fee for 2013.
But he warned: "The negotiations have to be finished in the next few weeks, if a race is going to take place in 2013."
BMW Group Financial Services plans to launch a pilot program in the New York area next month offering short-term rentals at BMW dealerships.
Ford said today it expects its first plug-in hybrid to have an electric-only range of roughly 20 miles -- almost twice that of the Toyota Prius plug-in hybrid.
Chrysler, striving to stand out in an increasingly competitive job market, launched a Web site today that streamlines job listings and helps prospective employees survey career opportunities with the company.
Nissan is turning to Korean automaker Samsung to take the heat off its North American production needs as it struggles to stay a step ahead of U.S. sales forecasts.
Dealership management system provider DealerTrack has agreed to acquire 1st Auto Transport Directory of San Diego, a provider of Web-based tools for vehicle shipping and transportation, for about $74 million in cash.
ROAD TEST EDITOR JONATHAN WONG: It's always interesting getting into a mass-volume car such as this 2012 Toyota Camry LE.
Also in this episode: Lexus gives us a glimpse of the upcoming LS sedan, Honda releases details of its new
Apollo Investment and Linamar are among bidders in the second round of the auction for Carlyle Group's Metaldyne, a maker of engine components, two people familiar with the sale process said.
Mercedes-Benz will begin equipping its cars with inflatable seatbelts for rear passengers, making it the second automaker to use the safety technology.
From fastidiously original to trailer-park fantasy, State Farm Insurance has merged two ends of the car-repair spectrum in one 1968 Chevrolet Camaro convertible.
Bentley has told its workers that it will add production of an SUV in Crewe, England, a move that would guarantee jobs at the plant for 14 years, according to a newspaper report Friday citing an unnamed source at the factory.
French Industry Minister Arnaud Montebourg is meeting French carmaking leaders to discuss emergency measures for the industry as PSA's move to shut a plant clashes with state efforts to preserve jobs.
Toyota is close to an agreement to purchase light commercial vans from PSA Peugeot Citroen's threatened Sevelnord plant in northern France, La Tribune has reported.
Last week, the Hell Garage offered
Both sides in what increasingly looks like a long, acrimonious battle between PSA Peugeot Citroen and France's new government, have temporarily pulled up their drawbridges.
Lexus was caught testing the IS-F convertible on the
Maruti Suzuki is blaming "gruesome mob violence" for Wednesday's (18 July) brutal arson attack that left one staff member dead and 40 still remaining in hospital with serious injuries.