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Nov
12th

F1: Toyota would sell 2010 car design

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Toyota's completed 2010 formula one car design, codenamed the TF110, is reportedly available for purchase by other teams. Full story...
Nov
12th

NASCAR Nationwide: Penalties announced against teams of Kyle Busch and John Wes Townley

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Kyle Busch's perfect weekend wasn't only ruined by running out of gas on Sunday, preventing him from sweeping the NASCAR Truck, Nationwide and Sprint Cup races at Texas Motor Speedway. Full story...
Nov
11th

GM to release first earnings report since bankruptcy

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General Motors Co. next week will release its first earnings statement since it emerged on July 10 from 39 days in federal bankruptcy protection. The announcement on third-quarter earnings will be made Monday, Nov. 16, at 7 a.m. Full story...
Nov
11th

GM to release first earnings statement since bankruptcy exit

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General Motors Co. next week will release its first earnings statement since it emerged on July 10 from 39 days in federal bankruptcy protection. The announcement on third-quarter earnings will be made Monday, Nov. 16, at 7 a.m. Full story...
Nov
11th

Lear posts Q3 profit after emerging from bankruptcy

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Supplier Lear Corp. swung into the black during the third quarter, much of which it spent reorganizing under Chapter 11 bankruptcy protection. Lear posted net income of $24.6 million on revenue of $2.5 billion. Full story...
Nov
11th

GM will let rejected dealers apply for new stores

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General Motors Co. plans to open a number of new dealerships around the country and has been inviting some rejected dealers in those areas to apply, but a dealer group says that plan is inadequate. Full story...
Nov
11th

Frank Sinatra’s Cadillac, Steve McQueen’s Chevy truck to cross the block at and#8216;Classic California’ auction:

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Bonhams and Butterfields is having a star-studded auction this Saturday at the Petersen Automotive Museum in Los Angeles. Full story...
Nov
11th

US: Taxpayer group: stop bailing GM in Europe with US tax dollars

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The 362,000-member US National Taxpayers Union (NTU) has urged governments abroad to reject GM's pleas for finance to prop up its operations and criticised the use of US taxpayers' money to support overseas operations. Full story...
Nov
11th

Celebrity cars on the auction block, and the mid-engine Corvette stalls again, in AutoWeek’s News Brake for Wednesday, Nov. 11:

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In today's News Brake: Celebrity cars head for the auction block in Los Angeles, concerns arise about the fuel tank on the Jeep Grand Cherokee, and the mid-engine Corvette stalls--again . . . But Wait, There's More! Full story...
Nov
11th

Mazda outlines weight-loss program

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Mazda Motor Corp. will reduce its vehicle weights by at least 220 pounds beginning in 2011, with a combination of lighter-weight materials, smaller vehicle footprints and new engineering processes, a top executive says. Full story...
Nov
11th

GERMANY: Daimler Financial Services upbeat on prospects

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Daimler Financial Services AG says it expects to post positive results in the fourth quarter, after achieving earnings of EUR101 million in the third quarter 2009. Full story...
Nov
11th

RUSSIA: Russia rejects proposals for higher vehicle import duties

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The Russian government has rejected proposals to introduce prohibitive import duties on vehicles and parts. Full story...
Nov
11th

US: TMS joins EPA’s ‘WasteWise’ program

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Toyota Motor Sales, USA, Inc. (TMS) has announced that it has joined US Environmental Protection Agency's (EPA) WasteWise program. WasteWise encourages organisations to reduce municipal solid waste through waste prevention, recycling and buying or manufacturing recycled products. Full story...
Nov
11th

Ford of Europe posts strong October sales, aided by scrappage schemes

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Ford of Europe's new-car sales fell by just under 1 percent in October but climbed nearly 13 percent across its main 19 European markets, helped by scrappage schemes. Ford's 8. Full story...
Nov
11th

GM moves digital duties to MRM from Digitas unit

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General Motors is moving its U.S. digital production duties to MRM Worldwide's MRM Supply from the Digitas-owned production shop Prodigious Worldwide, as part of a cost-savings effort by the carmaker. Full story...
Nov
11th

VW hires ex-Conti boss Neumann to lead EV group

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Former Continental AG CEO Karl-Thomas Neumann will return to Volkswagen AG in the newly created role of group chief officer in charge of electric vehicles. He will report to VW CEO Martin Winterkorn. Full story...
Nov
11th

VW hires ex-Conti boss Neumann to steer electric cars

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Former Continental AG CEO Karl-Thomas Neumann will return to Volkswagen AG in the newly created role of group chief officer in charge of electric vehicles. He will report to VW CEO Martin Winterkorn. Full story...
Nov
11th

VW hires ex-Conti boss Neumann to be electric car guru

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Former Continental AG CEO Karl-Thomas Neumann will return to Volkswagen AG in the newly created role of group chief officer for electric traction. He will report to VW CEO Martin Winterkorn. Full story...
Nov
11th

SOUTH KOREA: Kia announces Oct sales up 34%

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Kia Motors Corporation has announced that its global sales figures for passenger cars (export sales, domestic sales and sales from overseas plants), recreational vehicles (RVs), and commercial vehicles for October reached 148,583 units - a year-on-year increase of 34.6%. Full story...
Nov
11th

Geely plans 1M Volvo sales, new China plant for Swedish brand

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Geely has developed a turnaround plan under which it hopes to double Volvo's sales to near 1 million vehicles a year, a media report said today. Full story...
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