Sonic Automotive Inc. said Tuesday it posted a fourth-quarter loss and echoed auditors' concerns about the dealership group's ability to continue operations. Sonic's auditors said they had doubts the company could continue as a going concern.
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Visteon Corp. said on Tuesday that lenders had granted the auto parts maker temporary waivers on credit facilities after auditors, as expected, raised significant doubt about its ability to continue as a business. Visteon, spun off by Ford Motor Co.
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President Barack Obama's thinking on the crisis facing General Motors has not changed since Monday, a senior administration official told Reuters on Tuesday.
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Honda Motor Co. said Tuesday it would cut production in North America by 62,000 vehicles by shutting down factories for 13 days starting in May and reduce pay for salaried and factory workers.
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Éric Bachelart's Conquest Racing IndyCar team has confirmed Wednesday that Canadian race car driver Alexandre Tagliani will drive the sole entry of the team in the St. Petersburg race.
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Teams Brawn GP, Toyota and Williams all raced the Grand Prix of Australia in Melbourne with cars fitted with diffusers that not only bring speed but also controversy.
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Team Williams' Technical Director Sam Michael is predicting a strong weekend in Malaysia for the Williams-Toyota team.
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Peter Horbury executive director, Ford Americas design, will return to Volvo as vice president, design, based in Gothenburg, Sweden. Horbury will replace Stephen Mattin, who has left Volvo to pursue other opportunities. Moray Callum, currently director of design for cars, Ford Americas, will replace Horbury as executive director, Ford Americas design in Dearborn. Both appointments are effective May 1.
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Schools and businesses are teaming up in Nova Scotia to remind drivers that idling cars spend unnecessary fuel. Idle-free signs are being distributed through Conserve Nova Scotia's Drive Wiser program. Businesses and institutions are invited to install them as a way to encourage drivers to turn off engines to help protect the environment.
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French drivers Jean-Christophe Boullion, Simon Pagenaud and Benoît Tréluyer to share Pescarolo Sport's private Peugeot 908 Hdi at the 24 Hours of Le Mans in June.
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The Toyota Formula 1 team has decided to drop its appeal against Jarno Trulli's confiscated Australian Grand Prix podium.
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Formula 1 teams BMW, McLaren and Ferrari have confirmed that they have each started working on controversial 'double decker' diffusers.
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Hyundai is proud to announce the launch of a new i10 model specifically targeted at the booming market among
world and religious leaders.
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In a dramatic move aimed at delivering environmental benefits without expensive technology Kia has revealed its new Aero-Soul concept that reduces fuel consumption and exhaust emissions with a simple and low-cost system called Air Propulsion and Retardation Installation Line.
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The Quebec government, unsatisfied with the data accumulated during the first winter during which winter tires were mandatory, is about to announce a modification of the law in order to make studded tires a requirement on passenger cars.
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Inspired by the photo radar experiments conducted across the country and worried about the consequences of speeding in less urban settings, the Canadian Minister of Transport has announced the launch of a pilot project, this time targeting drivers in remote areas.
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The crossover/SUV segment is a congested sector of the automotive market, with many makes and models to choose from. Nissan's Murano joined the fray in 2003. It delivered unique styling that awoke other manufacturers to the idea that such versatile vehicles could also evoke passion.
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Visteon Corp. said on Tuesday that lenders had granted the auto parts maker temporary waivers on credit facilities after auditors, as expected, raised significant doubt about its ability to continue as a business. Visteon, spun off by Ford Motor Co.
Full story...
Honda Motor Co. said on Tuesday it would cut production in North America by 62,000 vehicles by shutting down factories for 13 days starting in May and said it would cut pay for salaried and factory workers.
Full story...
Sonic Automotive Inc. posted a fourth-quarter loss and said auditors raised doubts about the dealership group's ability to continue as a going concern.
Full story...
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