Volkswagen AG denied today that it had presented Porsche Automobil Holding SE with an ultimatum to accept its plan for a merger of the two carmakers.
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MUNICH -- Schaeffler Group is in talks with potential Chinese investors over a stake sale, German magazine WirtschaftsWoche reported.
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The relaunch of Daimler's key Mercedes-Benz E-class luxury sedan has supported earnings in the second quarter and bolstered the carmaker's optimism that the worst is finally behind it, CEO Dieter Zetsche said.
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Fiat S.p.A.'s bid for Opel is its best offer, CEO Sergio Marchionne said, as rival Magna International stayed on track to close a deal with the German carmaker. "I don't believe we could improve Fiat's offer.
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Tata Motors on Sunday launched its Jaguar and Land Rover brands in India. Chairman Ratan Tata said it was a momentous occasion for the company. "This is in keeping with our desire to extend the penetration of the brands in India," he said.
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MUNICH -- Volkswagen denied on Sunday that it had presented Porsche Automobil Holding SE with an ultimatum to accept its layout for a merger of the two carmakers.
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Chrysler dealers across North America still have reasons to worry. Faced with a challenging economic situation and a promising though still precarious corporate outlook, GMAC Financial Services, owned by Cerberus (Chrysler's former owner), have put an end to all inventory financing deals.
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"As part of its long-term viability plan, General Motors has decided that its ownership stake in the New United Motor Manufacturing Incorporated (NUMMI) joint venture with Toyotawill not be a part of the 'New GM'. After extensive analysis, GM and Toyota could not reach an agreement on a future product plan that made sense for all parties."
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Ferrari Formula 1 driver Kimi Raikkonen will shortly step up his foray into the world of professional rallying.
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Mercedes-Benz's driver Bruno Spengler offers the readers of Auto123.com his views of the last DTM race, which was held at the Norisring on Sunday.
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Valentino Rossi (Yamaha) became the second rider to reach 100 wins in motorcycle Grand Prix history by taking a dominating win at the Dutch MotoGP race, at Assen on Saturday.
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Ben Spies (Yamaha) is now just 14 points behind World Superbike Championship leader Noriyuki Haga (Ducati), after the American rookie took his ninth and tenth victories of his rookie season, at Donington Park in the British Midlands.
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Although this year's Formula 1 rules are to now remain essentially in place in 2010, the proposed ban on in-race refuelling will still be introduced.
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Former French ski champion Luc Alphand has been seriously injured in an accident during a motorcycle race held this past weekend in France.
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With 28 laps remaining in Sunday's Lenox Industrial Tools 301 at New Hampshire Motor Speedway, rain stopped the race and made a winner of rookie Joey Logano, much as it had done for David Reutimann in the Coca-Cola 600 in May.
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According to reports, the Indy Racing League is planning to make Brazil one of its most popular racing venues on the 2010 calendar.
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Dorel Juvenile
Group, Inc., a division of Dorel Industries (TSX: DII.B, DII.A), and the
nation's largest juvenile products manufacturer, today announced the launch of
Air Protect(TM), the most innovative and groundbreaking safety feature ever
offered in a car seat.
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Jaguar today announced the introduction of the 2010 Jaguar XF Supercharged, the fourth and newest member of its acclaimed XF lineup. The vehicle, a mid-year release, is powered by a 470 hp version of the 5.0-liter supercharged AJ-V8 Gen III engine that debuted at this year's Detroit Auto Show. The XF Supercharged will go on sale in October 2009, and will be priced starting at $68,000 MSRP.
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Max Mosley insists he is not only personally aggrieved, but that he is also "under pressure" to retain his role at the top of F1's governing body the FIA.
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After the car won three-quarters of every race so far under the 2009 regulations, Alex Wurz has revealed the secret of the Brawn BGP001.
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