Auto News 5

A little-known U.S.-based company was named as the third bidder for Saab in a report Tuesday by the Financial Times. Merbanco, a group of investors from the U.S. Full story...

A little-known U.S.-based company was named as the third bidder for Saab in a report Tuesday by the Financial Times. Merbanco, a group of investors from the U.S. Full story...

U.S. auto suppliers, who negotiated federal loans earlier this year, plan to ask the Obama administration's auto task force this week for $8 billion to $10 billion in loan guarantees, Bloomberg reported today. Full story...

Porsche Automobil Holding SE is in talks to sell a stake to the Gulf state of Qatar in a deal that could pave the way for the Porsche and Piech families to give up full control over their business. Full story...

Porsche Automobil Holding SE is in talks to sell a stake to the Gulf state of Qatar in a deal that could pave the way for the Porsche and Piech families to give up full control over their business. Full story...

Porsche Automobil Holding SE is in talks to sell a stake to the Gulf state of Qatar in a deal that could pave the way for the Porsche and Piech families to give up full control over their business. Full story...

Porsche Automobil Holding SE is in talks to sell a stake of up to 25 percent in its holding company to the Gulf state of Qatar, the Financial Times reported on Tuesday, citing people familiar with the talks. Full story...

Indebted supplier Continental will examine a full merger with its ailing large shareholder, Schaeffler, that would create a company with some 33 billion euros ($45.6 billion) in sales. Full story...

General Motors' Chevrolet brand and Ford Motor were among the biggest losers as the collapse in car sales in the Russia failed to find a bottom in May. Volume plunged 58 percent last month to 280,900, compared with May 2008. Full story...

Indebted supplier Continental will examine a full merger with its ailing large shareholder, Schaeffler, that would create a company with some 33 billion euros ($45.6 billion) in sales. Full story...

Valeo's board of directors plans to ask shareholders for a "mulligan" today. The word come from golf and refers to the age-old practice of asking one's playing partners for another try after a really terrible shot. Full story...

MISSISSAUGA, ON,- With performance-inspired, aggressive and sleek styling, Kia Canada Inc. (KCI) today announced the specifications and pricing for the 2010 Forte Koup. Full story...

MISSISSAUGA, ON,- With performance-inspired, aggressive and sleek styling, Kia Canada Inc. (KCI) today announced the specifications and pricing for the 2010 Forte Koup. Full story...

The new Mercedes-Benz Citaro FuelCELL Hybrid city bus is celebrating its world premiere from June 7 to11 at the UITP World Congress and Mobility & City Transport Exhibition in Vienna. The fuel cell hybrid bus is the first vehicle in Daimler Buses' new generation of fuel cell buses. Full story...

The Nissan cube attracted a landslide of attention at the Auto Show circuit early this year before going on sale last month. When it comes to gawk for the buck, cube is off the scale. In fact, as affordable cars go, there's arguably nothing that can match it. Full story...

TORONTO, - Visitors to Niagara Falls will have another way to get there this summer - by GO Train. For the first time, GO Transit will run seasonal weekend and holiday train service to Niagara Region starting Saturday, June 27. Ontario Minister of Transportation Jim Bradley announced this special service at a news conference in Niagara Falls in May. Full story...

MISSISSAUGA, ON,- With performance-inspired, aggressive and sleek styling, Kia Canada Inc. (KCI) today announced the specifications and pricing for the 2010 Forte Koup. Full story...

According to Crash.net, Dorna CEO Carmelo Ezpeleta has denied reports that suggested he could become embroiled in the ongoing battle between the Formula One Teams Association (FOTA) and the FIA. Full story...

According to reports, Canadian Patrick Carpentier could be back with Michael Waltrip Racing for the Toyota/Save Mart 350 Sprint Cup race at Infineon Raceway later this month. Full story...

Launched in early 2009 exclusively with a 281-horsepower T6 engine, Volvo Cars of Canada Corp. today announced that the XC60 crossover would now also be offered with the company's 235-horsepower inline six cylinder engine currently available in the S80, V70, XC70 and XC90. The XC60 T6 will also be offered with a new R-Design package to heighten the visual appeal and handling of the vehicle. The move broadens the appeal of the company's newest product. Full story...