President Obama today signed legislation that will raise limits to $5 million on federally guaranteed loans available to thousands of small auto dealers as the administration attempts to loosen credit in a sputtering economy.
Full story...
In today's News Brake: A Lamborghini race car is ready for street duty, Porsche celebrates 60 years in the U.S., and Saab strikes a deal with BMW . . . But Wait, There's More!
Full story...
General Motors audio engineer Matt Kirsch, who did the sound work for the Chevrolet Cruze, has developed an iTunes playlist that helps drivers test their cars' audio quality.
Full story...
General Motors audio engineer Matt Kirsch, who did the sound work for the Chevrolet Cruze, has developed an iTunes playlist that helps drivers test their cars' audio quality.
Full story...
Billionaire Warren Buffett affirmed his support for BYD Co., saying the Chinese automaker part-owned by his Berkshire Hathaway Inc. holding company will be a leader in selling electric cars.
Full story...
Ford Motor Co. may reduce its product lineup to as few as 20 nameplates, CEO Alan Mulally said.
Full story...
The Lotus name will not be appearing on the Formula One starting grid next season.
Full story...
Mitsubishi Motors has denied it plans to develop batteries with LG Chem Ltd, as claimed by the Nikkei business daily.
Full story...
Global Vehicles is insisting it is "business as usual" despite a dispute with Mahindra & Mahindra concerning planned imports of the Indian automaker's pick-up trucks into the US.
Full story...
Valeo on Monday said it now expects global automotive production to recover at a faster rate than forecast last July. It now sees a 19% year on year increase for full year 2010 versus 16% predicted.
Full story...
India's largest utility vehicle maker, Mahindra & Mahindra, on Monday announced it was raising vehicle prices by INR3,000-INR8,000 (US$67-$178), from 1 October.
Full story...
Volkswagen AG CEO Martin Winterkorn said a new Porsche small SUV will be brought to market soon as part of plans to expand the sports car brand's lineup to boost sales.
Full story...
The Porsche Museum in Stuttgart, Germany, has prepared a special exhibit celebrating 60 years of Porsches in the United States.
Full story...
Ford president and CEO Alan Mulally has highlighted the importance of the UK to the manufacturer's ability in weathering the global downturn.
Full story...
EXECUTIVE EDITOR ROGER HART: I like the exterior styling of this car, and it just might contain the best interior GM has done in a long time, maybe forever.
Full story...
The so-called BRIC markets of Brazil, Russia, India and China have continued to forge ahead in demand, output and increasingly, exports. While these regions offer terrific economies to carmakers, their sheer size and often primitive logistics infrastructure mean that OEMs must take careful measure of the real costs of manufacturing and distribution in these new automotive worlds.
Full story...
With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up