Auto News 5

Ford remains committed to improving its balance sheet and reducing debt but has no current plans to issue additional equity, president and CEO Alan Mulally said in a statement. Full story...

Spy Shots reveal a raft of new mechanicals on show, with electric motors working in tandem with petrol engine Full story...

Spy Shots reveal a raft of new mechanicals on show, with electric motors working in tandem with petrol engine Full story...

There's a lot more to car noise than you might think. Some noises are pleasurable, some not, while some have become downright necessary for pedestrian safety. It's a subject that is now coming onto regulators' radar screens due to the potential hazards of 'silent running' with electric drive vehicles. And as Colin Peachey, a chief engineer with Lotus, tells Dave Leggett, there is also the rather ticklish issue of 'lightsaber collective consciousness' to consider when adding sound to EVs. Full story...

Auto parts maker Martinrea International Inc. said it plans to sell shares at a discount to raise working capital, a day after it said all receivables from General Motors and Chrysler were being paid on time. Full story...

The premier of the eastern German state of Thuringia, Dieter Althaus, said on Friday he is believes that Canadian auto parts group Magna International Inc.'s takeover plans for carmaker Opel would go through. Full story...

Transplant automakers remain vulnerable to supply chain interruptions caused by the General Motors and Chrysler LLC bankruptcies, and are keeping in close communications with their suppliers. Full story...

Daimler AG's Mercedes-Benz unit said on Thursday it sold 86 percent more cars in China in May, posting record monthly sales for a third straight month. Full story...

Germany is still talking to potential investors in carmaker Opel which have not been made public, German Economy Minister Karl-Theodor zu Guttenberg said today. Since reaching a preliminary agreement with Canada's Magna International Inc. Full story...

Ford driver Mikko Hirvonen found himself the reluctant leader of the Acropolis Rally tonight after a last stage mistake from his team-mate and a shrewd tactical move from Citroen. Full story...

While the news has yet to be made official, all signs point to Saab being purchased from General Motors yet remaining in Swedish hands. Domestic manufacturer Koenigsegg, specialized in ultra-premium sports cars, just signed a Letter of Intent (LoI) with the support of the Swedish government, as reported. Full story...

TORONTO - Mercedes-Benz Canada announced today that Groupe Hamel has broken ground and started construction on their new facility in Mirabel, Québec. Conveniently situated at exit 23 off Highway 15, the new retailer is located close to Highway 640 and directly on the main route to the Laurentians. Full story...

Ryan Hunter-Reay, who at the last minute ended up with Vision Racing for the 2009 season of the IndyCar Series, is to move AJ Foyt Enterprises for the rest of the year. Full story...

The Formula 1 governing, the FIA said on Friday that the interest of 15 potential new teams vindicates the efforts to lower costs in formula one. Full story...

Having missed out on the Brawn seat this year, Brazilian Bruno Senna rates his chances of making his formula one debut in 2010. Full story...

The factory gates open and the first Volvo FH16 700 appears. An eager Tore Aase from Norway is there to take delivery of the world's most powerful series-manufactured truck. On Norway's hilly west coast, the truck's power will come into its own. Full story...

Xebec Adsorption Inc. (TSX: XBC) ("Xebec"), the company formed by the merger of QuestAir Technologies Inc. ("QuestAir") and Xebec Adsorption Inc. ("Xebec Adsorption"), today announced that the previously approved statutory plan of arrangement (the "Arrangement") involving QuestAir and Xebec Adsorption, has been completed. Full story...

Nova Bus is pleased to announce that MTA New York City Transit has purchased 90 Nova LFS articulated vehicles, to be assembled in Nova Bus' newest plant located in Plattsburgh, NY, with delivery slated for the first half of 2010. Full story...

French driver Stéphane Sarrazin, driving the No 8 Peugeot 908 Hdi FAP has qualified for a third consecutive pole position in the Le Mans 24 Hours. Full story...

J.R. Fitzpatrick, driver of the Kevin Harvick Inc. (KHI) No. 4 Chevrolet Silverado, will make his first career start at the Michigan International Speedway this coming Saturday in the Michigan 200 NASCAR Camping World Truck Series race. Full story...