Following the recent difficulties Richard Petty Motorsports (RPM) have had to face with the bankruptcy of Chrysler, Richard Petty himself admits that his team is considering all options for next year as its contract with Dodge expires at the end of the season.
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Former Formula 1 World Champion and Ferrari driver Michael Schumacher will soon be collecting in excess of an astonishing 19,000 euros per month in rent.
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At a stakeholders meeting on Tuesday, it was decided that the city of Hockenheim will no longer host the German grand prix.
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Kingston, Ontario - You like to feel the wind in your hair while driving a 4-passenger premium compact... provided that it's a Japanese car? Well, lucky you, there will soon be an alternative to European coupe-convertibles, or CC. This one will grace the showrooms of Lexus and bear the name 'IS C'.
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General Motors plans to complete a 20 percent cut in its white-collar work force by October.
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General Motors plans to complete a 20 percent cut in its white-collar work force by October, a spokesman said today. General Motors plans to complete a 20 percent cut in its white-collar work force by October, a spokesman said today.
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A U.S. bankruptcy judge has denied a request from a small group of General Motors bondholders to become an "official committee" in the bankruptcy case.
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A U.S. bankruptcy judge has denied a request from a small group of General Motors bondholders to become an "official committee" in the bankruptcy case.
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Toyota Motor Corp. and Nissan Motor Co. promised shareholders they would do better to recover from the worst industry downturn in a generation, each focusing on different types of cleaner cars to steer their revival.
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Ford Motor Co. executives are hoping for billions of additional dollars in government technology loans if congressional efforts to double the amount of money are successful.
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Nissan Motor Co. CEO Carlos Ghosn, with a $1.6 billion U.S. loan commitment in hand, wants capacity to build more than 100,000 electric vehicles a year in Tennessee as early as 2011.
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A big chunk of the $1.6 billion loan that Nissan North America received from the federal government today will pay for a lithium ion battery plant that is at least 1 million square feet.
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President Barack Obama urged the House to pass a greenhouse gas emissions bill that would require the federal government to help automakers retool to make plug-in electric vehicles.
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An electric Ford Focus, Teslas Model S sedan and a five-seat electric Nissan are among the cars that $8 billion in loans from the U.S.
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In today's News Brake: Ford, Nissan and Telsa get government help to get greener; Mini is growing; and Buick's new LaCrosse comes with four-cylinder power ... But Wait, There's More!
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No other company submitted a competing offer to the U.S. Treasury Department's bid to buy the healthy assets of General Motors from Chapter 11 protection, GM spokeswoman Julie Gibson confirmed today.
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No other company submitted a competing offer to the U.S. Treasury Department's bid to buy the healthy assets of General Motors from Chapter 11 protection, GM spokeswoman Julie Gibson confirmed today.
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The UAW is in ongoing talks with Ford Motor Co. aimed at ensuring the No. 2 U.S. automaker remains competitive with its domestic rivals that have been reorganized with federal funding, a union official said today.
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General Motors' Australian unit Holden has welcomed the federal government's decision to introduce a new Australian Design Rule making electronic stability control (ESC) mandatory on all new passenger cars and SUVs.
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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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