Formula 1's new Swiss racer, Sébastien Buemi, insists he will continue to reside officially in Bahrain this year despite driving for the Italian-based Toro Rosso team.
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The famous Italian drinks firm Martini did not renew its Ferrari sponsorship ahead of the 2009 Formula 1 season.
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Yet another new model and new vehicle class have been debuted at the Montreal Auto Show. The all-new Kia Soul was presented today at its Canadian debut, and the automaker says their so-called 'urban crossover' line will offer shoppers a small, expressive, efficient and stylish machine to keep up with a busy schedule.
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One of the biggest surprises in last year's auto show circuit was on hand for inspection by Montreal Auto Show attendees today. Some call it a 'crossover sedan'- and the Toyota Venza is now on sale and offering shoppers a do-it-all vehicle that appeals to countless needs.
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All indications around the Mercedes GLK at this year's Auto Show circuit point in the direction of a hit. The German premium manufacturer is using the GLK to make their late but highly anticipated foray into the mid-sized SUV segment- stressing that it is in fact an SUV and not some mushy crossover. It's quite the looker, too.
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Formula 1's new Swiss racer, Sébastien Buemi, insists he will continue to reside officially in Bahrain this year despite driving for the Italian-based Toro Rosso team.
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Michael Waltrip Racing owner Michael Waltrip says that he will run the No. 00 Toyota team for the full Sprint Cup season despite still having to find complete sponsorship for driver David Reutimann.
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Montreal - The first Canadian event in the auto show season kicked off yesterday with a full day of previews and activities for journalists and marquee guests. Excitement is sky-high this year at the Montreal International Auto Show (MIAS), with a long list of Canadian debuts and even a North American premiere.
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The RX-8 didn't need to be any more agile or sporty, but Mazda's dialed it up a notch anyways with their new-for-2009 R3 package. Building on the machine's recent makeover, the R3 kit adds a few goodies to get the tuner and performance buffs talking around the water cooler. Sunroof? Gone. Power seats? Gone. Lip-kit? Very much. The R3 add-ons give RX-8 a strictly race-track appearance.
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Formula Palmer Audi frontrunner Jolyon Palmer is the latest addition to the 2009 FIA Formula Two Championship line-up.
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At the launch of the new MP4-24 single seater on Friday, McLaren's Ron Dennis announced he is to shortly hand over the reins of the Mercedes powered team to his long time deputy Martin Whitmarsh.
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According to a British newspaper report, the potential sale of Brackley based Honda F1 team could be the subject of a government investigation.
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The McLaren Mercedes Formula 1 team today launched the car it will campaign in the 2009 FIA Formula 1 World Championship at its headquarters in Woking, England.
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General Motors is in discussions to resolve financial troubles at bankrupt former parts unit Delphi Corp. as part of its own restructuring plan, the automaker said on today.
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General Motors purchasing chief Bo Andersson told hundreds of suppliers today that the automaker will not lengthen the time it takes to pay them.
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Chrysler LLC will extend shutdowns at five factories one week beyond the scheduled reopening date of Monday, Jan. 19. Assembly plants in Belvidere, Ill.; Sterling Heights, Mich.; and Toluca, Mexico, will reopen Jan. 26, the company said today.
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The Senate voted today to release a second round of $350 billion in federal aid to rescue financial institutions. The money could be the source of additional loans to automakers, auto finance companies and perhaps suppliers.
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General Motors, surviving a collapse in its home market with the help of U.S. loans, said sales in Latin America, Africa and the Middle East reached record highs for the fifth straight year in 2008. GM sold 1.3 million vehicles in the region, up 3.
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U.S. auto suppliers starving from carmaker production cuts expect this month to request the same type of federal aid being used to help General Motors and Chrysler LLC., a top supplier association executive said today.
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Continental Automotive Systems plans to cut about 10 percent of its North American work force over the next few months. Continental employs about 16,000 people in North America, so about 1,600 jobs will be cut.
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