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Oct
30th

Canadian Car of the Year: An Honest Process (video)

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The Canadian Car of Year named by the members of the Automobile Journalists Association of Canada (AJAC) arouses, year after year, a considerable number of comments. But if the vote isn't unanimous, it's not for lack of an honest selection process or a degree of professionalism that is the envy of many other similar associations out there. Read more ...
Oct
30th

Formula BMW: Rookie race to the final

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To complete the 2008 season, Formula BMW Americas will hold Rounds 16 and 17 as under card to the Brazilian Grand Prix on October 31 - November 2. Read more ...
Oct
30th

F1 Brazil: Banana boy back in Sao Paolo as title charger

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When he swipes his paddock pass and enters the Interlagos paddock on Thursday, championship contender Felipe Massa will undoubtedly recall 1999. Read more ...
Oct
30th

Aston Martin unveils the One-77 in its entirety

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Aston Martin devait dévoiler au Mondial de l'automobile de Paris son nouveau coupé ultra-exclusif One-77. La surprise fut générale, puisque Aston Martin n'a en fait que relever partiellement le drap sur les feux avant et arrière, ne montrant rien d'autre. Read more ...
Oct
30th

F1: Montreal Grand Prix rescue decision due Friday

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The fate of a possible government rescue package for the Canadian grand prix is expected to be announced this week. Read more ...
Oct
29th

Ford’s new hybrids go 47 mph on electric power alone

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The hybrid versions of the Ford Fusion and Mercury Milan sedans that start production in December should give drivers who like electric cars a nice jolt. Read more ...
Oct
29th

Ford’s new hybrids go 47 mpg on electric power alone

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The hybrid versions of the Ford Fusion and Mercury Milan sedans that start production in December should give drivers who like electric cars a nice jolt. Read more ...
Oct
29th

NASCAR team owner Larry McClure indicted for tax violations:

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Larry McClure, co-owner of the Morgan-McClure team that did so well in NASCAR in the 1990s, has been indicted on charges relating to money laundering, wire fraud, mail fraud, filing false income tax returns, and obstructing a tax investigation. Read more ...
Oct
29th

Mich. dealer withdraws offer for Heard Vegas store

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Michigan dealer Joe Serra says he has withdrawn his offer for one of the two Bill Heard Enterprises Inc. stores that he had bid for Friday, Oct. 24. Read more ...
Oct
29th

Mulally: Ford will seek federal loans

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Ford Motor Co. expects to apply for low-cost government loans by year endand receive the money in 2009, CEO Alan Mulally says. Read more ...
Oct
29th

Fed cuts key rate by half point to 1 percent

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The U.S. Federal Reserve cut a key interest rate by a hefty half-percentage point today to prevent a widening credit crisis from tipping the United States into a deep and prolonged recession. Read more ...
Oct
29th

GM’s new small global sedan goes on sale in Korea

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General Motors' new global small sedan, which will be sold as the Chevrolet Cruze in the United States, went on sale here today. In Korea, the car is called the Daewoo Lacetti. Its 1. Read more ...
Oct
29th

Reuters: Major issues resolved in GM-Chrysler talks

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General Motors and Cerberus Capital Management LP have resolved the major issues in a proposed GM-Chrysler merger but the final form of any deal will depend on the financing and government support available, sources familiar with the talks said... Read more ...
Oct
29th

Major issues resolved in GM-Chrysler talks

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General Motors and Cerberus Capital Management LP have resolved the major issues in a proposed GM-Chrysler merger but the final form of any deal will depend on the financing and government support available, sources familiar with the talks said... Read more ...
Oct
29th

Goeser retires as CEO at Ford of Mexico

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Ford Motor Co. said today that Louise Goeser is retiring as CEO of Ford of Mexico and will be replaced by company veteran Eduardo Serrano, currently the unit's COO. Goeser, 55, joined Ford in 1999 as vice president of quality. Read more ...
Oct
29th

JAPAN: Toyota launches cheaper Corolla models

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Toyota has started selling cheaper versions of the Corolla Axio sedan and Fielder station wagon with less standard equipment. Read more ...
Oct
29th

SOUTH KOREA: Chevrolet maker keeps to ’08 target

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GM Daewoo Auto & Technology, the GM South Korean unit that makes most of the Chevrolet brand cars sold outside North America, is on course to meet its 2008 domestic sales target, its vice president said on Wednesday. Read more ...
Oct
29th

US: BorgWarner adjusts full-year outlook

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BorgWarner on Wednesday said international sales offset steep declines in US revenue due to declining economic conditions there as it reported third quarter results and adjusted its outlook to reflect deteriorating global economic conditions and automotive production declines in Europe. Read more ...
Oct
29th

BorgWarner posts loss, sees flat 2009 sales

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U.S. auto parts supplier BorgWarner Inc. said today it posted a quarterly loss and said it expected the credit crisis and slower global growth to hurt its results through 2009. Read more ...
Oct
29th

S KOREA: Ssangyong falls into red as sales decline

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Falling sales at home and rising fuel costs have hit the South Korean automaker Ssangyong Motor Corp, which today reported a loss for its third quarter. Read more ...
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