Toyota Motor Corp said on Thursday its group-wide sales fell 27 percent to 1.767 million vehicles in the first quarter of 2009, keeping it ahead of Volkswagen group as the world's top-selling carmaker.
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Political allies of the U.S. auto industry expressed serious concern on Wednesday to senior White House officials about possible carmaker bankruptcies, with Chrysler LLC facing an April 30 deadline to cement an alliance to avert probable insolvency.
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General Motors, battling a 49 percent decline in U.S. sales through March, plans extended shutdowns at most of its U.S. plants this summer, news reports said.
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The U.S. Treasury has raised its offer to Chrysler lenders with just over a week remaining for the embattled automaker to reach deals to cut its debt and labor costs while reaching reach an alliance with Italy's Fiat SpA, sources said Wednesday.
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Like several other automakers, Porsche will be a no-show at the Tokyo Motor Show this fall.
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General Motors will shut down its plant in Hamtramck, Mich., for six weeks this summer, a plant source confirmed today.
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The U.S. Treasury has raised its offer to Chrysler lenders with just over a week remaining for the embattled automaker to reach deals to cut its debt and labor costs while reaching reach an alliance with Italy's Fiat SpA, sources said Wednesday.
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Amid the worst sales slump in 30 years and cascading financial problems, General Motors announced today that it will cut 190,000 vehicles from its production schedule for the second and third quarters.
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Amid the worst sales slump in 30 years and cascading financial problems, General Motors announced today that it will cut 190,000 vehicles from its production schedule for the second and third quarters.
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Political allies of the U.S. auto industry expressed serious concern on Wednesday to senior White House officials about possible carmaker bankruptcies, with Chrysler LLC facing an April 30 deadline to cement an alliance to avert probable insolvency.
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Legislation to make the province's roads safer by prohibiting the use of hand-held devices to talk, text or e-mail while driving, today received third reading in the legislature.
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British engineer Mike Gascoyne has admitted he would accept a job with the famous formula one team Ferrari.
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As McLaren mechanics put the finishing touches on the Bahrain pit garage, speculation ramped up in Germany about the future of engine partner Mercedes-Benz.
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Potential new teams keen to be budget-limited next year are seemingly clamouring at Formula 1's paddock turnstile. Aston Martin is one of them...
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Ford Motor Company's (NYSE:F) MyKey(TM)
teen-safety driving technology topped the American Automobile Association's (AAA) top technology picks for
new vehicles and earned the 2009 Traffic Safety Achievement Award from a panel of judges at the New York
International Auto Show's World Traffic Safety Symposium.
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Former Grand Prix winner Gerhard Berger is adamant that Spaniard Fernando Alonso will head to Ferrari at the end of 2009.
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It no longer looks like an overturned bathtub, and with the 'S' badge now available fixed to the Audi TT, no one's going to be dissing its numbers, either.The new TTS has both its looks and performance cemented in place. It's cheaper than a Cayman, more useful than an SLK, and even more urgent and energetic that its similarly-priced cousin, the S5.
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Audi announced today in Ingolstadt, Germany, the launch of an ultra efficient compact luxury sedan : the A4 2.0 TDI e. It will be available at European dealerships starting in early June. Equipped with a 6-speed manual transmission, this sedan uses 4.6 liters of diesel per 100 kilometers (51.13 miles per U.S. gallon says the manufacturer).
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On Thursday new doubt fell on Donington's ability to host the British grand prix beginning in 2010.
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Brazilian driver Nelson Piquet has three more grands prix to convince Renault boss Flavio Briatore that he deserves to stay in formula one.
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