The Automobile Club de l'Ouest--organizer of the 24 Hours of Le Mans--has canceled the 2009 Le Mans Test Weekend scheduled to take place two weeks before June's 24-hour race, citing financial reasons.
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The FIA is set to award famous racing-engine maker Cosworth the contract to be Formula One's sole "reference" engine supplier between 2010 and 2012.
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After Congress told the Detroit 3 CEOs to get back on their private jets and come back with a detailed plan the next time they came asking for a $25 billion loan, it was abundantly clear that GM, Ford and Chrysler had all terribly missed the mark...
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Anyone who depends on automotive marketing for a living already knew they were in for a bumpy ride in 2009. Last week they started to get an idea of just how sickening it could be.
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A German company with long-standing ties to Volkswagen AG and a minority-owned company in Michigan are among the first to supply a new mid-sized sedan planned for VW's factory being built in Chattanooga, Tenn.
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The government overseer who would be in charge of emergency aid for the Detroit 3 should have the power to force an automaker into bankruptcy if the company fails to restructure for long-term viability, the White House said today.
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The collapse of two Detroit automakers would cost the United States government at least four times as much as loans to keep them alive, a new study says.
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The least expensive way for the federal government to put the auto industry's troubles in the nation's rearview mirror is to cut the Detroit 3 a check, a new study says.
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The global economic slowdown's latest victim appears to be Slovakian car manufacturing, according to data out today.
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Tata Motors plans to pass on a 4% reduction in India's central value-added tax to its customers.
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Chery Automobile expects access to loans of RMB10bn (US$1.5bn) from the China Export and Import Bank to finance expansion abroad.
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Only six big automakers would emerge from the current credit crisis, Fiat CEO Segio Marchionne has said.
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Two of the more polished names in racing, Penske and Porsche, will team up to enter the No. 7 Riley Mk XX Daytona Prototype for the 2009 Gran-Am Rolex Sports Car series.
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Nissan's UK plant, which builds the Qashqai (aka Dualis) SUVs, Note and Micra (March) is stopping production for three consecutive Fridays.
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Nissan has revealed official details of its European-specification GT-R models – and it's good news for UK customers. The supercar, which arrives here next April, has benefitted from a host of improvements over US and Japanese editions.Thanks to some electronic upgrades, the GT-R’s 3.8-litre V6 twin-turbo engine gets a 5bhp boost taking peak power to 478bhp while torque stays at 588Nm.
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BMW said its executive board member Michael Ganal died after severe illness.
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Former BMW chief finance officer Michael Ganal has died, the automaker announced on Monday.
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BMW's Mini production plant in Oxford is to stop production for an extra three days in January.
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Daimler's main manufacturing plant in Sindelfingen, Germany, will adopt a shorter work week for three months from January 12 to address a sharp drop in demand, the group's labor leader said on Monday.
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