Auto News 5

Standard & Poor's has said it may cut ratings on six North American auto suppliers after Chrysler's bankruptcy filing. Full story...

Jaguar Land Rover has confirmed that it is to begin selling saloon cars and sports utility vehicles in the Indian market later this year. The company said that it has reached agreement with Tata Motors Limited to be the importer. Full story...

Mark IV has announced that it has filed for Chapter 11 of the US Bankruptcy Code. Full story...

GMAC Financial Services has announced that it has entered into an agreement with Chrysler LLC to provide automotive financing products and services to Chrysler dealers and customers. Full story...

Chrysler LLC's plan to emerge from bankruptcy hinges on an increasingly popular restructuring move -- the early sale of core assets into a separate company -- and that move, while controversial, may end up being what makes it work. Full story...

Thousands of Chrysler LLC dealers who face the loss of floorplan financing will have an opportunity to sign up with GMAC by mid-May. Full story...

The deal that could have saved Chrysler LLC fell apart over the objections of a handful of fund managers and touched off an immediate debate over the responsibility of investors and the role of government. Full story...

Oshawa, Ontario (May 1st, 2009) - For April 2009, General Motors of Canada dealers delivered 29,800 units maintaining its monthly and yearly sales leadership position and posting an impressive 16% improvement over March sales. Full story...

TORONTO, May 1 /CNW/ - Spring is traditionally the busiest car-buying season in Canada, and as the market showed signs of restored confidence, Canadian drivers turned to Toyota Canada Inc. (TCI) for quality, fuel efficiency, and value in April. Full story...

MISSISSAUGA, ON, May 1 /CNW/ - Five hundred finalists are battling for votes to win one of fifty all-new 2009 Nissan cubes in Nissan's Hypercube campaign, a unique social media campaign rewarding social creativity in Canada. Launched on February 27, Hypercube engaged creative Canadians to utilize social networking tools to express their unique side, and on April 15th, 500 finalists were selected from over 7,000 registrants, to audition to win a Nissan cube of their own. Full story...

MISSISSAUGA, ON, May 1 /CNW/ - Kia Canada retailed 4,276 vehicles this April, up 15 percent from the same month last year, to record the best sales month in the company's ten year history in Canada. On a year-to-date basis, Kia Canada's sales are 9 percent higher than 2008 sales through April. Full story...

CHERRY HILL, N.J., May 1 / -- Subaru of America, Inc., long known for building vehicles well-suited for families, is also building something else - a reputation for generous adoption assistance benefits for its employees. Subaru is ranked #1 in the automotive industry category on the Dave Thomas Foundation for Adoption's "Best Adoption-Friendly Workplaces in America" list, released today. Full story...

After dominating the first three rounds of the 2009 season, Mladin and the Suzuki Yoshimura team will go for two more wins at the famous Birmingham (AL) venue this weekend. With five wins out of the five races held so far this season, Mladin dominates the rider championship with 157 points, followed by team mate Tommy Hayden (112 points), privateer Geoff May (92) and third tem mate Blake Young (89). Full story...

Jordan Szoke dominated the Superbike class at the JenningsGP track earlier this week, showing that he has lost none of his motivation after winning Canadian titles for the last three years aboard his Kawasaki Canada machines. Full story...

Scuderia Ferrari's heavily revised F60 formula one car made its track debut on Friday on Varano's road circuit in Italy. Full story...

Like Flavio Briatore of team Renault, Mercedes-Benz' competition director Norbert Haug has revealed that he also cut his own salary for 2009. Full story...

MISSISSAUGA, ON, May 1 /CNW/ - Nissan Canada Inc. (NCI) today reported sales of 7,074 Nissan and Infiniti vehicles in April, a decrease of 20.1 per cent over the same month last year. Full story...

You know, it's amazing how German engineers at Mercedes-Benz have a knack for looking forward while keeping a conservative approach. They've become such masters in the art of designing cars that every new product they release is both the expression of the richest automotive tradition in the world and the explosion of advanced technologies. That's exactly what the all-new 2010 Mercedes-Benz E-Class Coupe is about. Full story...

TORONTO, May 1 /CNW/ - Honda Canada Inc. reported combined April sales of 13,295 units by its Honda and Acura divisions, a 29% decrease year-over-year. The Honda Automobile Division reported April sales of 11,865 units, down 28% from last year. The Acura Division reported April sales of 1,430 units, down 36% over last year. Full story...

The Renault-Nissan Alliance, today announced that Nissan is forming a partnership with Progress Energy of Raleigh, N.C., and the Raleigh-based nonprofit agency Advanced Energy, to advance zero-emission mobility by promoting the development of an electric vehicle (EV) charging network. Nissan will introduce zero-emission vehicles in the United States in 2010, starting with a 5-passenger compact vehicle that will have a range of 100 miles on a single charge. Full story...