Auto News 5

Australian Formula 1 driver Mark Webber is surprised that Michael Schumacher's latest fall hasn't put him off motorcycle racing completely. Full story...

New teams entering the Formula 1 World Championship next year will receive financial support, and some rules have been changed to cut the costs down a little bit more. Full story...

The Federation internationale de l'automobile has confirmed the introduction of a budget cap in Formula 1 for 2010, and the amount has been set to £40 million (44m euros). Full story...

HUNTSVILLE, Ontario -- They're calling it Touareg TDI, but could just have easily called it Touareg Take Two. Take One debuted in 2003 as a unique SUV proposition -- a full-bore mountain climber that came at no compromise to luxury, convenience or safety. Available with three stout engines (V6, V8, V10 diesel), a high-tech air-suspension system, and a host of other neat stuff, the Touareg seemed destined for upward mobility. Full story...

Ontario has toughened its impaired driving laws to drive home the message that drinking and driving is not acceptable under any circumstance. Full story...

HUNTSVILLE, Ontario -- They're calling it Touareg TDI, but could just have easily called it Touareg Take Two. Take One debuted in 2003 as a unique SUV proposition -- a full-bore mountain climber that came at no compromise to luxury, convenience or safety. Available with three stout engines (V6, V8, V10 diesel), a high-tech air-suspension system, and a host of other neat stuff, the Touareg seemed destined for upward mobility. Full story...

HERNDON, Va., Apr 30, 2009 - Before stepping into a new car, you need to step into a dealership - an experience which has long been characterized as hectic, overwhelming, and disjointed. But what if a dealership was designed like a luxury vehicle itself, where every detail was taken into account - down to the flowers and coffee cups? The Audi commitment to progress goes beyond vehicles to redefining dealerships themselves. Full story...

Chrysler's UAW members, facing the specter of the automaker seeking bankruptcy as early as Thursday, approved contract concessions that may help the company win additional U.S. rescue loans. Full story...

A UAW union local representing some workers at a Chrysler LLC stamping plant in Twinsburg, Ohio, approved a modified labor contract with the automaker, the local said tonight. Full story...

President Barack Obama said tonight he is more optimistic than he was a month ago about Chrysler's prospects for surviving as a viable company in a merger with Fiat S.p.A. because of concessions made by lenders and unions. Full story...

Barack Obama is planning to announce Thursday morning that Chrysler LLC will file for Chapter 11 bankruptcy protection as it completes an alliance with Fiat S.p.A., Bloomberg News reported, citing people familiar with the matter. Full story...

Austrian-Canadian car parts maker Magna International wants to help Opel but it is too early to say what role it will play, Magna founder Frank Stronach said in a newspaper interview on Wednesday. "We don't see ourselves as a white knight. Full story...

Chrysler LLC and Fiat S.p.A. are prepared to complete an alliance by Thursday that would be taken into bankruptcy court as a key element of the U.S. automaker's restructuring plan if needed, a person with direct knowledge of the situation said. Full story...

Ford Motor Co. expects a modest improvement in sales in the second quarter of 2009. But the automaker won't be cranking up production until demand actually materializes, said George Pipas, Ford's sales analysis and reporting manager. Full story...

Ford Motor Co. expects a modest improvement in sales in the second half of 2009. But the automaker won't be cranking up production until demand actually materializes, said George Pipas, Ford's sales analysis and reporting manager. Full story...

With Chrysler LLC's bankruptcy prospects still up in the air, the company extended its major incentive programs through Monday, May 4. Full story...

The annual Petersen Automotive Museum's fundraising event on May 7 promises to be fun, fun, fun when Beach Boy Brian Wilson and his band take the stage. Full story...

How ironic that General Motors is launching the excellent Chevrolet Cruze compact sedan just as the parent company faces the question of its very survival. Full story...

How ironic that General Motors is launching the excellent Chevrolet Cruze compact sedan just as the parent company faces the question of its very survival. Full story...

Corinne Ball, the charismatic and hard-charging lead bankruptcy attorney for Chrysler LLC, is likely finding every one of her negotiating skills pushed to its limit this week. Full story...