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BMW rocked Formula One on Wednesday by announcing their exit as a team and engine supplier at the end of 2009. Full story...

BMW rocked Formula One on Wednesday by announcing their exit as a team and engine supplier at the end of 2009. Full story...

BMW confirmed it would leave Formula One racing at the end of 2009 for image reasons as the maker of sporty luxury cars wants to focus on sustainability and the environment. Full story...

Sliding sales in North America helped send operating profit at Nissan Motor Co. tumbling 86 percent, but the Japanese automaker avoided a loss through heavy cost cutting. North American revenue fell 37.1 percent to 570.9 billion yen, or $5. Full story...

Nissan Motor Co. posted an 86 percent decline in quarterly operating profit, hit by a stronger yen and declining sales, but avoided the loss analysts had expected by cutting costs aggressively. Full story...

General Motors Co. says a bid for Opel from Magna International faces hurdles while a rival offer from Belgian investor RHJ International would be easier to accept. Full story...

General Motors Co. says a bid for Opel from Magna International faces hurdles while a rival offer from Belgian investor RHJ International would be easier to accept. Full story...

General Motors Co. says a bid for Opel from Magna International faces hurdles while a rival offer from Belgian investor RHJ International would be easier to accept. Full story...

General Motors Co. says a bid for Opel from Magna International faces hurdles while a rival offer from Belgian investor RHJ International would be easier to accept. Full story...

Plunging sales hammered North American profits at Honda Motor Co. in the carmaker's fiscal first quarter but weren't bad enough to scuttle the company's earnings outlook. Full story...

Honda Motor Co. posted an 88 percent fall in operating profit as demand slumped, but the automaker beat expectations for a loss and lifted its forecast for the year on the back of an improved outlook for its global car sales. Full story...

2009 Toyota Matrix XRS

It's neither crossover fish or SUV fowl, but the 2009 Toyota Matrix is still a quirky small wagon.

The Matrix pitches over bumps like an ox cart and suffers from torque steer even though there's not much torque to speak of, but I actually caught myself enjoying this unassuming little Toyota.inline_mediumwraptextright2009 Toyota Matrix XRS29138610/reviews/editors_notebook/0907_2009_toyota_matrix_xrs0907_02+2009_toyota_matrix_xRS+front_three_quarters_view.jpgTrue

Photo Gallery: 2009 Toyota Matrix XRS - Toyota Midsize Hatchback Review - Automobile Magazine

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Volkswagen AG does not currently have to tap equity markets for fresh funding, possibly to finance the purchase of a stake in Porsche Automobil Holding SE's sports car business, VW's CEO was quoted as saying. Full story...

Volkswagen AG does not currently have to tap equity markets for fresh funding, possibly to finance the purchase of a stake in Porsche Automobil Holding SE's sports car business, VW's CEO was quoted as saying. Full story...

Russia's AvtoVAZ, which is partly owned by France's Renault SA, denied on Tuesday it plans large-scale layoffs after suppliers said the company told them it was overstaffed by about 25 percent, or 27,000 workers. Full story...

Kia Motors has today released the first images of its new premium saloon due to go on sale in Korea at the end of the year. Full story...

Saudi Arabia is currently the world's leading oil producer and exporter, but that doesn't mean the country is being left behind in the shift towards emission-free motoring. On the contrary, one of the Kingdom's leading universities has just signed one of the world's biggest-ever electric vehicle (EV) infrastructure deals, commissioning Brighton-based Elektromotive to install 150 Elektrobay charging stations across its campus by September 2009. Full story...

Canadian race car driver Bruno Spengler, member of the works Mercedes-Benz AMG team in the DTM series, is featured in Mercedes-Benz's latest video about the new sports car of the make, the mighty SLR Stirling Moss. Full story...

If Nelson Piquet's future was previously only in doubt, it is now a near certainty that the 23-year-old will never return to the cockpit of a Renault. Full story...

Michael Schumacher on Wednesday afternoon announced he is looking forward to the challenge of replacing his injured former Ferrari teammate Felipe Massa at forthcoming grands prix. Full story...