Auto News 5

British car dealer Lookers said on Tuesday it continued to talk with its lenders to ensure appropriate funding and that it was also considering alternative sources of capital to reduce the additional cost of bank borrowings. Full story...

President Barack Obama, flanked by auto executives, proposed the first U.S. regulation of auto emissions in a bid to reduce climate-warming greenhouse gases and lower dependence on foreign oil. The proposal would require the U.S. Full story...

President Barack Obama, flanked by auto executives, proposed the first U.S. regulation of auto emissions in a bid to reduce climate-warming greenhouse gases and lower dependence on foreign oil. The proposal would require the U.S. Full story...

President Barack Obama on Tuesday will propose the most aggressive increase in U.S. Full story...

The Burke Lakefront Airport was one of the most exciting races in the CART/ChampCar years but reunification made it impossible for the venue to be on the 2009 schedule but promoters and IRL officials are working hard to get back in with nothing less then a doubleheader. Full story...

A judge presiding over the Scuderia Ferrari's court action said a verdict will be declared on Wednesday. Full story...

Thanks to a special partnership with Auto123.com, Canadian race car driver Bruno Spengler gives our readers his insights and comments about the 2009 DTM championship. The Mercedes-Benz works driver competed in the opening round of the season held Sunday in Hockenheim, Germany. Full story...

Norbert Haug said on Tuesday that the McLaren-Mercedes team has not ruled out lodging a team entry for the 2010 championship by the May 29 deadline. Full story...

The American Policy Roundtable today called upon President Barack Obama to intervene and stop the termination of 789 Chrysler dealerships across the nation. The contract termination was announced last week by Chrysler operating under the protection of federal bankruptcy court. Full story...

The 1957 Ferrari 250 Testa Rossa (chassis number 0714TR) put up by Canadian auction house RM Auctions sold for E9,020,000 (around $14,432,000), a new world record for a classic car. Full story...

With the first edition of the Toyota Green Car Rendezvous, the company aims to increase awareness to the use of cleaner transportation methods and to the benefits of an ecologically responsible lifestyle. Full story...

Whitby, ON - BMW Canada has announced that the 2009 BMW Driver Training summer season will be held in June and July at Downsview Park, Toronto, while the highest two levels are offered in Mont-Tremblant in September. The five courses: Compact, Advanced, Perfection, and Fascination I & II are all structured to offer increasing levels of dynamic driving skills and safety, as well as a better understanding of a vehicle's capability. Full story...

Daimler AG has acquired an equity stake of nearly 10 percent of Tesla Motors Inc. This investment deepens the relationship between the inventor of the automobile and the newest member of the global auto industry. Tesla is the only production automaker selling a highway capable electric vehicle in North America and Europe. Full story...

McLaren driver Lewis Hamilton seems unlikely to be able to defend his drivers' crown, but his relationship with American pop group Pussycat Dolls singer Nicole Scherzinger is moving up a gear. Full story...

The outcome of Ferrari's legal action against the FIA, to be heard in a Paris court on Tuesday, will not be known immediately. Full story...

FIA president Max Mosley has warned that the only remedy for rebel teams left off the final 2010 entry list might be for them to buy one of their smaller rivals. Full story...

Chrysler welcomes the President's announcement of a framework for a single national approach for fuel economy and greenhouse gas standards. We thank the Administration for their leadership. Full story...

The veteran team leader for Ducati claimed both victories at the Kyalami WSBK weekend, extending his comfortable lead in the championship. Once again, arch-rival Ben Spies (Yamaha) collected the Superpole, his 6th of the season, but Failed had to suffer another set-back even tough he collected his sixth Superpole, by a minuscule 0.001 sec., the smallest time unit the system can differentiate. Full story...

"We just did not hit the set-up today". That is how Mat Mladin explained his first non win of the 2009 season in the Saturday race, ending up fifth behind winner Josh Hayes (Yamaha), Suzuki team mate Tommy Hayden, Larry Pegram (Ducati) and Aaron Yates aboard another Suzuki. Full story...

Toronto, ON - Trust. It's something Toyota Canada works very hard to earn from its customers. That's why Toyota is proud to be voted Canada's Most Trusted Brand in two categories - Passenger Car Manufacturer and SUV Manufacturer - in a national study commissioned by Reader's Digest. Full story...