Auto News 5

Magna International swung back to profit in the second quarter, with sales up about two-thirds on the back of a revival in the battered North American car market. Full story...

General Motors has started on an initial public offering of shares that could be the largest ever for the US market but hasn't decided on the timing, chief executive Ed Whitacre said. He also confirmed a revamp of the US dealer network, hinted second quarter results would show a profit, and said GM may hire more factory workers and possibly reopen a shuttered plant. Full story...

Rick Wagoner, the former General Motors CEO, was elected to the board of aluminum recycler Aleris Holding Co. Aleris makes products for the construction, packaging, electrical and transportation industries. Full story...

Rick Wagoner, the former General Motors CEO, was elected to the board of aluminum recycler Aleris Holding Co. Aleris recycles aluminum and makes products for the construction, packaging, electrical and transportation industries. Full story...

Toyota said its quality advisory panel will share initial recommendations next week as the company evaluates its North American suppliers. Full story...

Toyota said its quality advisory panel will share initial recommendations next week as the company evaluates its North American suppliers. Full story...

Opel/Vauxhall is introducing a 160,000 km (100,000 miles) warranty on all its new cars. Full story...

Saab's new Dutch owner, Spyker Cars, intends to spin additional models off its new Phoenix platform after the launch of the Saab 9-3. Saab dealers will receive the latest 9-3 in 2012, Spyker founder and Saab Chairman Victor Muller said. Full story...

BMW of North America was eager to improve several parts of the X3 for the new generation that goes on sale in the U.S. in January. Not least of those improvements were the cupholders. Old X3: Bad cupholders. Full story...

TORONTO - Subaru Canada, Inc. (SCI) today announced the launch of a mobile version of its website designed specifically for smartphone users. No separate app is required - all users need do is enter the company's URL (www.subaru.ca) in the search window of their mobile device browser. They will instantly be connected to the mobile version of the Subaru corporate website, as well as to any Subaru dealer across Canada. Full story...

HIROSHIMA, Japan--Mazda Motor Corporation has released a four-wheel-drive (4WD) version of the all-new Mazda Premacy (known overseas as the all-new Mazda5), a stylish, versatile and uniquely functional seven-seat minivan. Full story...

For the time being, Audi is the only luxury brand in North America to offer a 4-cylinder diesel engine. Yes, some have hybrids, but for many people, it's not the same. Full story...

Jean Eric Vergne has confirmed he is becoming "more and more" involved in Red Bull's formula one programme. Full story...

Magneti Marelli is reportedly offering a KERS system to formula one teams for a price of US $1 million per season. Full story...

After a four weeks break, the DTM championship is standing at the Nürburgring this weekend. The Mercedes teams look forward to drive again. Full story...

Norbert Haug has quietly praised Ferrari's strategy in integrating a blown diffuser on its 2010 car. Full story...

Pirelli is expected to kick off its formula one testing programme before the 2010 calendar's August break is out. Full story...

Auto123.com's has got tonnes of good stuff for you this month. Next week, we will feature a convertible themed series of road tests. Look for a variety of cars that range from a 2011 Mitsubishi Eclipse Spyder to a 2010 BMW 335i Cabriolet. We'll even have a review on a used Mercedes SLK-Class. Full story...

According to its directors, the Pocono Raceway, the 2.5-mile NASCAR tri-oval has turned into an environmentally friendly race track. Full story...

Pastor Maldonado's manager has refused to deny rumours he is in talks about a race seat at Sauber for 2011. Full story...