Potential new teams keen to be budget-limited next year are seemingly clamouring at Formula 1's paddock turnstile. Aston Martin is one of them...
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As McLaren mechanics put the finishing touches on the Bahrain pit garage, speculation ramped up in Germany about the future of engine partner Mercedes-Benz.
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British engineer Mike Gascoyne has admitted he would accept a job with the famous formula one team Ferrari.
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Legislation to make the province's roads safer by prohibiting the use of hand-held devices to talk, text or e-mail while driving, today received third reading in the legislature.
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Political allies of the U.S. auto industry expressed serious concern on Wednesday to senior White House officials about possible carmaker bankruptcies, with Chrysler LLC facing an April 30 deadline to cement an alliance to avert probable insolvency.
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The U.S. Treasury has raised its offer to Chrysler lenders with just over a week remaining for the embattled automaker to reach deals to cut its debt and labor costs while reaching reach an alliance with Italy's Fiat SpA, sources said Wednesday.
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General Motors, battling a 49 percent decline in U.S. sales through March, plans extended shutdowns at most of its U.S. plants this summer, news reports said.
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General Motors, battling a 49 percent decline in U.S. sales through March, plans extended shutdowns at most of its U.S. plants this summer, news reports said.
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General Motors, battling a 49 percent decline in U.S. sales through March, plans to shutter most U.S. factories for as long as nine weeks this summer, the Associated Press reported, citing two people familiar with the plan.
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Britain approved a 10-month program enticing consumers to scrap older vehicles, becoming the latest European country to adopt a sales incentive that's stalled in the U.S. Congress.
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General Motors may extend its monthlong Total Confidence program for car shoppers beyond its expiration at the end of April. GM credits Total Confidence for a boost in April retail sales compared with the same period in March.
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Michigan's attorney general today urged General Motors and Chrysler to file bankruptcy -- if, eventually, they must -- in their home state rather than in Delaware or New York.
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Fiat S.p.A. today denied a declaration by a member of an Italian union that the automaker's proposed deal with Chrysler LLC is "90 percent done." In a statement, Fiat said: "No agreement has been concluded between Chrysler and trade unions in the U.
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Fiat S.p.A. today denied a declaration by a member of an Italian union that the automaker's proposed deal with Chrysler LLC is "90 percent done." In a statement, Fiat said: "No agreement has been concluded between Chrysler and trade unions in the U.
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Detroit lawyers probably will see a lot of work but few of the leadership roles if the federal government calls for a bankruptcy reorganization of General Motors or Chrysler LLC.
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An automobile dealers group plans to urge the Obama administration on Thursday not to eliminate any dealers or force General Motors and Chrysler into bankruptcy.
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General Motors said today it probably won't make a $1 billion debt payment due June 1. Instead of making the payment, the automaker is hoping for a successful debt-for-equity exchange with its bondholders.
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General Motors doesn't expect to make a $1 billion debt payment due June 1, CFO Ray Young told The Wall Street Journal today.
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