Auto News 5

Daimler is to divest its 19.9% stake in Chrysler. Full story...

Daimler expects another significant loss in the second quarter after posting first-quarter results that fell far short of expectations. The company burned through more of its cash, sending its shares tumbling. Full story...

Daimler expects another significant loss in the second quarter after posting first-quarter results that fell far short of expectations. The company burned through more of its cash, sending its shares tumbling. Full story...

Daimler expects another significant loss in the second quarter after posting first-quarter results that fell far short of expectations. The company burned through more of its cash, sending its shares tumbling. Full story...

Daimler today posted a net loss of 1.29 million euros for the first quarter. The company said the global financial and economic crisis and the resulting difficult automotive markets have placed a significant burden on its earnings. Full story...

German Economy Minister Karl-Theodor zu Guttenberg is meeting senior representatives of Magna on Tuesday to discuss a possible investment in Opel. A ministry spokesman said the two parties would discuss the Austrian-Canadian firm's ideas. Full story...

Qatar is "seriously" considering taking a stake Porsche, Prime Minister Sheikh Hamad bin Jassem al-Thani told Qatar's Al-Arab newspaper in remarks published on Tuesday. Full story...

UAW local chiefs approved labor concessions that would cut Chrysler LLC's cash payments to a retiree health-care trust in exchange for 55 percent of the equity in the planned Chrysler-Fiat partnership, a source familiar with the accord said. Full story...

Team boss Franz Tost agrees with Alain Prost's recent criticism of Toro Rosso racer Sébastien Bourdais. Full story...

BELOEIL, QUEBEC--(April 28, 2009) - Fibrocap Inc, well-known manufacturer of Fibrobec fiberglass truck caps and Spacekap, had placed itself under Chapter 11 on September 19, 2008 because of serious financial difficulties. Full story...

WASHINGTON, April 28, 2009 - Drivers trained in mileage-maximizing techniques such as smooth acceleration and coasting to red lights were able to get an extraordinary 1,445.7 miles out of a single tank of gas during a fund-raising effort in Washington, D.C. that concluded today. They did it by averaging 81.5 miles per gallon in an off-the-showroom floor, non-modified 2010 Ford Fusion Hybrid, the most fuel-efficient midsize car in North America - nearly doubling its U.S. certified mileage. Full story...

The renowned underground Team Polizei will make its professional racing debut in the Grand-Am Rolex Series Verizon Festival of Speed to be run at Mazda Raceway Laguna Seca in Monterey, California on May 17. Full story...

British makers Working Title Films have announced that shooting for a documentary feature film about the life and career in formula one of Ayrton Senna will begin next month. Full story...

In its Monday edition, the German periodical Focus reported that the emirate of Qatar is looking to buy a stake in Porsche. The anonymously-sourced information has not been confirmed by either the automaker or the emirate. Full story...

The Concorso d'Eleganza Villa d'Este 2009 has produced a brilliant winner. An Alfa Romeo 8C 2900B Berlinetta Touring claimed victory in the coveted Trofeo BMW Group, awarded by the Jury to the "best of show" at the Concorso. Full story...

TORONTO, April 28 /CNW/ - Honda Canada Inc. today commemorated the 5 millionth vehicle made in Canada at its Honda of Canada Mfg. vehicle manufacturing facility in Alliston, Ontario. This milestone reflects Honda's commitment to Canada since it began manufacturing vehicles here 23 years ago. Full story...

Robert Kubica, having last year questioned BMW-Sauber's development direction, renewed his criticism of the Swiss based team before leaving Bahrain. Full story...

Gaydon, Warwickshire 26 April 2009. At its world debut this weekend, the Aston Martin One-77 has won the Concorso d'Eleganza Design Award for Concept Cars and Prototypes on the shores of Lake Como, Italy. Full story...

The F-CELL Roadster built by apprentices at the Mercedes-Benz plant in Sindelfingen covered a section of the historic route taken by Bertha Benz on the past weekend. Starting in Mannheim, the fuel cell powered car was driven via Ladenburg and Heidelberg. The symbolic passing of the finish line was at the chemist's shop in Wiesloch, where Bertha Benz stopped to refuel during the first long-distance journey in automobile history in 1888. Full story...

Ron Hornaday (Chevy No 33) had the pole Saturday afternoon at the start of the O'Reilly Auto Parts 250 NASCAR Camping World Truck race at the Kansas Speedways but rain put a hold on the event after 52 laps. Full story...