Auto News 5

The German government will probably decide by the end of June on whether Infineon can count on federal loan guarantees to refinance debt, a source familiar with the plans said. Full story...

FRANKFURT (Reuters) - The German government will probably decide by the end of June on whether Infineon can count on federal loan guarantees to refinance debt, a source familiar with the plans said. Full story...

A bid for Opel by China's Beijing Automotive Industry Corp. (BAIC) could still be in the running if the company comes up with a more detailed offer, German Finance Minister Peer Steinbrueck said. Full story...

The European Commission called a meeting of European trade and economy ministers for Friday to discuss the future of carmaker Opel and its plants in Europe, a spokesman said. The meeting is scheduled to take place in Brussels at 3.00 p.m. (1300 GMT). Full story...

Continental AG's banks oppose a deal that would see the of German tire maker and auto parts group take over Schaeffler, a source close to the matter told Reuters on Wednesday. Full story...

India's Tata Motors Ltd. said on Wednesday it has completed refinancing of its $3 billion bridge loan taken to purchase luxury car brands Jaguar and Land Rover from Ford Motor Co. in 2008. Tata, which had already repaid $1. Full story...

Struggling German chipmaker Infineon has asked the German government for 500 million euros ($697.2 million) in loan guarantees, the Financial Times Deutschland reported, citing company sources. Infineon declined to comment on the report. Full story...

Retired American Honda executive Dick Colliver has joined the board of the Automotive Broadcasting Network, a dealer services startup based in Ponte Vedra Beach, Fla. Colliver, 69, was executive vice president of American Honda Motor Co. Full story...

On Tuesday, May 26, Volvo released a new online interactive racing game starring its very own race cars. Online gaming and car enthusiasts can now take part in "Volvo - The Game", developed by the Swedish automaker and domestic partner SimBin. Players can choose from a selection of six cars, including the all-new S60 Concept. Full story...

Azure Dynamics Corporation (TSX: AZD) - ("Azure") or (the "Company"), a leading developer of innovative hybrid green technologies that address environmental and cost issues for operators of commercial vehicle fleets, was recently chosen as a winner at the 24th Annual Canadian Advanced Technology Alliance (CATA) Innovation and Leadership Awards. Azure was recognized with an 'Outstanding Product Achievement' award in the Clean Technology category. Full story...

Without a rapid solution to the teams' FIA standoff, Force India and Brawn will be the next current teams to imminently sign up for the 2010 world championship. Full story...

TORONTO,- A growing number of health care professionals and organizations are speaking out about the devastating impact that the proposed changes to auto insurance will have on accident victims in Ontario. Full story...

The famous Internet brand Google could soon be seen on the painted carbon bodywork of a formula one car. Full story...

According to media reports, Italian Flavio Briatore could buy Renault's formula one team and continue to run it in 2010 and beyond. Full story...

Canadian driver Paul Tracy will substitute for injured Vitor Meira at AJ Foyt Racing at the Milwaukee Mile but AJ Foyt is keen for Paul Tracy to stay on with his team if all goes well. Full story...

Sébastien Loeb was awarded a knighthood, receiving the 'Légion d'honneur' at the Elysée Palace in Paris from Nicolas Sarkozy, the President of the French Republic. Full story...

It is nothing new, but Jeff Gordon has been plagued with recurrent back problems for some time now but for the first time the current Sprint Cup leader admitted that those problems could eventually shorten his driving career. Full story...

The new Eos White Night embraces the contrast of black and white: the body is white, while elements such as the roof, radiator grille and mirror covers are black. This special model can be ordered starting now. Full story...

Auburn Hills, Mich. - Chrysler LLC today announced the company has submitted three proposals outlining a $448-million plan to the U.S. Department of Energy (DOE) in order to rapidly bring Electric Vehicles (EV) and Plug-in Hybrid-electric Vehicles (PHEV) to market. Full story...

San Francisco, CA. - A majority of consumers plan to take a road trip this summer according to a study conducted by Harris Interactive® on behalf of Petrofix. Many adults who are taking a road trip report that gas is the number one expense they are budgeting for; 92 percent confess that it will be important to find the lowest-priced gas during their trip. Full story...