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Jul
25th

Nascar: Jeremy Mayfield sells his team

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Still under suspension, Jeremy Mayfield has sold all the assets he had in his Sprint Cup operation to owner John Carter. Full story...
Jul
25th

F1: Felipe Massa is undergoing surgery and will not start Hungary GP

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Felipe Massa is undergoing surgery at Budapest's AEK hospital on Saturday night following his frightening qualifying accident at the Hungaroring and will not start the Hungarian grand prix on Sunday. Full story...
Jul
25th

F1: Update on Felipe Massa’s condition

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The Scuderia Ferrari has announced that Felipe Massa had undergone successful emergency surgery at Budapest's AEK military hospital in Hungary. Full story...
Jul
24th

Toyota launches ad campaign touting qualified vehicles

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Toyota has launched a new ad campaign, promoting the government's cash-for-guzzlers program. The TV spots, which will run nationally and regionally through Nov. 1, inform consumers that the Toyota family has 25 vehicles that qualify for the program. Full story...
Jul
24th

U.S. Senate Commerce chair seeks GM/Chrysler audit

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Congress today turned up the heat on General Motors Co. and Chrysler Group with a senior lawmaker calling for a U.S. Treasury Department review of decisions to cut more than 2,000 dealers. U.S. Sen. Jay Rockefeller, D-W.Va. Full story...
Jul
24th

Ford’s cash cushion adequate for 2010, Mulally says

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Ford Motor Co. has enough cash to survive next year without outside help even if sales remain at today's 27-year lows, CEO Alan Mulally said. "Absolutely. We have sufficient liquidity," Mulally told Automotive News Thursday. Full story...
Jul
24th

It’s Mustang Week, and the Karma gets rolling, in News Brake for Friday, July 24:

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In News Brake: Three specialty Mustangs break cover this week; drama in Grand-Am; and the Karma sedan will turn laps at Monterey...But Wait, There's More! Full story...
Jul
24th

NHTSA says dealers won’t need to hire for program

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The federal government is beefing up its employment levels to administer its "cash-for-guzzlers" program, but it says dealerships shouldn't have to hire more people to meet program requirements. Full story...
Jul
24th

Fisker Karma to make driving debut at Monterey Historics:

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The Monterey Historic Automobile Races will include a glimpse of the near-future when the Fisker Karma plug-in hybrid sedan makes its public driving debut Aug. 15. Full story...
Jul
24th

Ford creates one-off, aviation-inspired and#8216;Dearborn Doll’ Mustang:

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Some versions of the 2010 Mustang feel fast enough to get airborne. And with that in mind, Ford tricked out one of its pony cars with an over-the-top aviation theme and will auction it for charity July 30. Full story...
Jul
24th

AUSTRALIA: Ford plans I4 Falcon, axes Focus build

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Ford Australia on Friday said it would build its first-ever four cylinder Falcon and had axed plans to make the next generation Focus at its plant near Melbourne. Full story...
Jul
24th

Fiat wins EU clearance to buy Chrysler

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Italian automaker Fiat S.p.A. won unconditional approval from the European Commission today to acquire Chrysler Group LLC as the EU executive said the deal would not hurt competition. Full story...
Jul
24th

Lotus joins race to build a city car

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Electric runaround would utilise solar power and could form basis of models for other marques
Full story...
Jul
24th

GOLDING’S TAKE: One Ford and the fountain of free money

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Alan Mulally concentrated on two things when he was describing the dominant brush strokes in the big picture of Ford's half year financial results. One was the One Ford new model programme. The other was the decision not to sup with the devils at the fountain of free money. Full story...
Jul
24th

U.S. auto market downturn slows in July, J.D. Power says

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U.S. retail auto sales are expected to decline 19 percent in July from a year ago, marking an improvement over declines of more than 30 percent in the first half of 2009, a well known industry tracking service said today. J.D. Full story...
Jul
24th

U.S. auto downturn slows in July, J.D. Power says

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U.S. retail auto sales are expected to decline 19 percent in July from a year ago, marking an improvement over declines of more than 30 percent in the first half of 2009, a well known industry tracking service said today. J.D. Full story...
Jul
24th

Scrappage Scheme cash is running out!

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Dealers take 13,500 orders a week meaning funds may not last the year
Full story...
Jul
24th

THE WEEK THAT WAS: Egos, dollars and mergers

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Three stories dominated the autobiz news this week: the ongoing VW-Porsche merger and Opel sale sagas and Ford's second quarter results. Full story...
Jul
24th

New Impreza on the prowl

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Hardcore Spec C Impreza to be launched for Japan only
Full story...
Jul
24th

Alfa Milano Spied

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Clear images of Alfa's new family hatch have been leaked
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 van, insurance you can rely on is a must.
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