A member of the German government's Opel Task Force said on Thursday that negotiations between General Motors Co. and the two competing bidders for Opel could drag on longer than expected.
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Continental AG won a vote to repair its finances but will likely lose its second chief executive in less than a year amid a bitter power struggle with German ball-bearings maker Schaeffler.
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Toyota Motor Corp.'s loss for this business year will likely be several tens of billions of yen less than originally forecast by the automaker thanks to strong sales of hybrid cars, Japanese public broadcaster NHK reported.
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Continental AG won a vote to repair its finances but will likely lose its second CEO in less than a year amid a bitter power struggle with German ball-bearings maker Schaeffler.
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Incentive-fueled demand for new vehicles could boost July U.S. light-vehicle sales above rates already forecast to be the highest levels so far this year, an influential analyst said late Thursday.
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The Obama administration late Thursday denied dealer and media reports that the government plans to suspend the cash-for-guzzlers program immediately because of depleted federal funds.
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On July 27, 2009 the so-called $1 billion "cash for clunkers" program in the U.S. was officially fired up. It's now running on all cylinders and heading down the highway in top gear. However, the Cash for Clunkers program has been a victim of its own success. Less than six days after is implementation last Friday it has been suspended for lack of funds.
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Seven-time World Champion Michael Schumacher was back behind the wheel of a Ferrari Formula 1 car Friday in preparation for his comeback in Grand Prix racing.
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Organisers have announced that the Detroit Belle Isle Grand Prix is cancelled this year and that the troubled economy means the race is off again in 2010.
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Brawn GP team owner Ross Brawn says he is "99 per cent" sure Jenson Button will remain with his Brackley based formula one team in 2010.
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Lamborghini, Ferrari, Porsche, Bentley, BMW, Rolls Royce, Mercedes-Benz, Lotus, Aston Martin, Bugatti, Jaguar and Saleen.
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Auto123.com has had a sneak peak at the proposed 2010 IndyCar schedule. As it was the case this season, the number of rounds will remain unchanged at 17 but two ovals (Milwaukee and Richmond) are being dropped for a pair of new road races.
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A bridge on Highway 105 near Ear Falls in Northwestern Ontario will be replaced to improve driver safety and traffic efficiency, and create about 70 jobs.
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AUBURN HILLS, Mich., - Chrysler Group LLC announced today that production of the Chrysler PT Cruiser will continue. The Chrysler Group Toluca (Mexico) Assembly Plant - the exclusive home of Chrysler PT Cruiser - will continue to build the quality-proven, versatility packaged and "too cool to categorize" small car.
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The value of Mercedes-Benz's involvement in formula one is still the topic of debate within parent company Daimler, board member Helmut Lense insists.
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TORONTO, - A cyclical recovery is underway in the global auto industry, according to the latest Global Auto Report released today by Scotia Economics.
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According to the latest reports Ferrari Formula 1 driver Felipe Massa is scheduled to board a private plane bound for his home in Sao Paulo on Monday.
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According to the German newspaper Bild Zeitung, Michael Schumacher will test a Ferrari formula one car at the Mugello track in Italy this weekend.
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Formula 1 driver Robert Kubica's manager says the Polish driver will be supportive of the BMW-Sauber team in the wake of this week's news.
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2009 is the introductory year for Volkswagen's tidy Tiguan crossover. I first drove this compact rig late last year at AJAC's (Automobile Journalists Association of Canada) Test Fest in Niagara-on-the-Lake in Southern Ontario and came away impressed. This week's road test enabled a closer examination of VW's entry into the hotly contested market of economical crossovers.
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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
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