Spain's new car registrations fell 17.2% year on year in July, car manufacturers association ANFAC said on Wednesday, marking the 23rd month of declining sales in two years.
Audi's first half operating profit rose 13.2% to EUR2.9bn (US$3.6bn) compared to the same period last year as it registered sales of EUR25bn, up 16.2%.
Brembo has unveiled first half net profit up 44% to EUR35.6m (US$43.9m) and although revenue increased 11% to EUR702.6m, the company is keenly eyeing the economic crisis in southern Europe.
The 1980s might not have a been a golden age of motoring, but they certainly were a paragon of joy for those of us who revel in the glory of the homologation special. The Ferrari 288 GTO. The
BMW has offered to increase its domestic work force of full-time staff by a net 3,200 jobs by the end of next year to settle a long-running dispute with its German unions over its widespread use of temporary workers, two sources told Reuters.
Fiat CEO Sergio Marchionne can't stop the financial bleeding in Europe, so he's shifting the automaker's growth and profit focus to Chrysler Group in the United States.
Fiat CEO Sergio Marchionne can't stop the financial bleeding in Europe, so he's shifting the automaker's growth and profit focus to Chrysler Group in the United States.
BMW reported its first drop in quarterly profit in almost three years on increased spending on new models and pricing pressure. Second-quarter EBIT declined 19 percent to 2.27 billion euros.
Mazda reported a narrower fiscal first-quarter loss on demand for more fuel-efficient models in its home market. The net loss was 6.5 billion yen ($83 million) in the three months ended June 30, compared with a loss of 25.
Brake maker Brembo said its net profit rose 7.6 percent to 14.5 million euros in the second quarter from a year before, bolstered by strong sales in its main market, Germany.
Delphi reported a boost in second-quarter earnings on the strength of improving pre-tax margins. The supplier said it posted second-quarter net income of $330 million compared with earnings of $298 million during the same quarter least year.
Team Pescarolo is not amongst the entrants for the 6 Hours of Silverstone, the upcoming round of the World Endurance Championship. The team will also probably miss the rest of the season.
After the end of the partnership with Luxury Racing (which was supposed to pay for the development of the new Pescarolo 03), and the double retirement of the team at the recent 24 Hours of Le Mans (the Pescarolo and the Dome were both forced into retirement), Roald Goeth, Henri Pescarolo's main sponsor, decided to withdraw his backing.
Emmanuel Collard driving the 03 Pescarolo. (Photo: Pescarolo)
Team Pescarolo was classified fourth in the LMP1 trophy prior to Silverstone.
Emmanuel Collard and Jean-Christophe Bouillon were the drivers of the Pescarolo 03 (Julien Jousse was fired, and replaced by Stuart Hall for Le Mans). Sebastien Bourdais, Nicolas Minassian and Seiji Ara drove the Dome S102.5 at Le Mans.
Driver and co-driver of the BRAKIM Racing Team suffered a brief miscommunication last weekend during Special Stage 7 of Rally West Virginia, which was enough to put the team's heavily modified 1995 Neon G2 that runs in the National 2WD class down a quick embankment.
BRAKIM Racing competes on the national and regional level across the U.S.A. and Canada fighting for the North American Rally Championship title.
After the car came to a stop on the side of a vertical cliff, the co-driver decided to do his best to extricate himself from the Neon by climbing up and out of the passenger window. Ooops!
Honda, which will make its World Touring Car Championship debut at the end of the season, has started its test programme with the new 1.6 litre turbocharged Civic.
At Vallelunga, Gabriele Tarquini and Tiago Monteiro shared the whee of the Civic to collect a maximum of data on the new car. Team JAS Motorsport, who is in charge of the Honda's sporting programme with the Civic WTCC, focused on working on the engine for this first run.
The two Honda drivers, Gabriele Tarquini and Tiago Monteiro. (Photo: Honda)
In June, we reported that the highly-rated German was at war with the team's 2012 car -- outpaced by rookie teammate Charles Pic and certain something was fundamentally wrong with his chassis.
Then, the mystery seemed to be solved when a flaw in the rear suspension wishbone mountings were fixed.
Timo Glock, Marussia MR01. (Photo: Marussia F1 Team)
Marussia even decided to give him an entirely-new chassis for the Hungary weekend, but in Budapest he was outqualified and outraced by the sister car, complaining bitterly about the handling.
"At the moment it's undriveable," Glock is quoted by Germany's Auto Motor und Sport.
"We don't know what it is. I have oversteer all the time. And the wheels are locking constantly," he explained.
Timo Glock said the designers and engineers are at a loss.
"It's probably a problem at the rear of the car. But what exactly? We don't know."
He admitted that Marussia's technical collaboration with McLaren has not yet borne any fruit. "I had hoped that we would get closer, but right now it's not the case.
"But at the moment that's not the most important. What is (crucial) is why I'm losing almost a lap to my teammate," said Glock.
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