Auto News 5

Slumping business in Europe helped push Toyota Motor Corp. to its first operating loss in 71 years, and the company is now bracing of more red ink and massive cost cuts. Full story...

Toyota Motor Corp., the world's biggest automaker, forecast a much bigger-than-expected $8.6 billion loss for its current fiscal year and said it would sell about 1 million fewer vehicles as it scrambles to cut costs amid a severe market downturn. Full story...

Toyota Motor Corp forecast a much deeper-than-expected annual loss of $8.6 billion as its car sales tumble, keeping dozens of its factories underused. Toyota booked a $6. Full story...

Toyota Motor Corp. forecast a much deeper-than-expected annual loss of $8.6 billion as its car sales tumble, keeping dozens of its factories underused. Toyota booked a $6. Full story...

Toyota Motor Corp lost $6.9 billion in the fourth quarter and forecast more losses for the current year as its car sales tumble, keeping dozens of its factories underused. Full story...

Fiat SpA plans to create an automotive empire spanning Europe, America and Africa in a redrawing of the global industry as the market downturn hurts major players around the world. Full story...

Fiat SpA plans to create an automotive empire spanning Europe, America and Africa in a redrawing of the global industry as the market downturn hurts major players around the world. Full story...

Audi used the auto show here to present the Cross Coupe quattro concept, which previews the Q3. The SUV, which will join the larger Q5 and Q7 in 2011, is the first model Audi will build in Spain. Full story...

General Motors will choose two to three preferred bidders for its Saab brand this week, industry sources tell Automotive News Europe. The sources would not say which bidders have the best chance to make it to the next round of talks. Full story...

Porsche's plan to merge with Volkswagen has intensified a power struggle that could see the spectacular fall of the sports car maker's CEO Wendelin Wiedeking. Full story...

General Motors Europe lost $2 billion (1.5 billion euros) in its first three months of 2009 after its revenues almost halved, the company said today. GM Europe's revenues fell to $5.3 billion from $9. Full story...

Every year, thousands of motocross fans and enthusiasts make their way to Las Vegas for the finals of the Supercross Race series. At the 2009 event, 5,000 excited fans gathered at the Orleans Arena for the much anticipated Mini AMA/Maxxis Supercross race. Many of those in attendance were unaware that history was about to be made. To promote greener sport riding, event coordinators were holding the first ever electric motocross event. Full story...

The controversial 'winner takes all' scoring system has now been erased from the 2010 FIA Formula 1 sporting regulations. Full story...

BURNABY, BC - Electronic Stability Control - or ESC - can help prevent a collision, and maybe even save your life. Now, for the first time in Canada, ESC can help save money on your auto insurance, too. BCAA Insurance is introducing a five per cent discount on collision premiums for vehicles equipped with ESC - an innovative way of rewarding customers for choosing the added safety and peace of mind provided by ESC. Full story...

CAW President Ken Lewenza and CUPW President Denis Lemelin, along with CAW Local 444 President Rick Laporte and CUPW Windsor Local President John Vigneaux, made a joint call to Canada Post Corporation to ensure the expected 4500-5500 new light vehicles purchased in the coming years as part of the crown corporation's motorized fleet renewal and expansion program are made in Canada, by union workers. Full story...

For the last year Chevy dealers have been taking deposits on the new Camaro. More than 14,000 people, most of whom haven't even seen the car in person, not to mention taken it for a test drive, will soon be receiving their cars. Full story...

Mario Theissen has counted BMW-Sauber out of any early driver speculation in regards to the 2010 Formula 1 season. Full story...

Team Williams revived its tendency to impress the practice timesheets this year by dominating the second Friday session in Spain. Full story...

Santa Fe Springs, CA -- In the mid 1960's, engineers at Chevrolet designed a new coil spring and trailing arm suspension system for the C10 that provided work truck capability by day and a comfortable ride for nights and weekends. Four decades later the 1967-72 C10 is an incredibly popular platform for sport truck enthusiasts, thanks to cool lines and muscle car style suspension. Full story...

BMW, a German manufacturer of fine automobiles, found a US Manufacturer of Electrical wire and cable, Philatron, to power the new Electric MINI E. This discovery came by finding that Philatron has the most extensive UL listing for EV cable than any other wire and cable company in the world. Full story...