Advisers representing General Motors bondholders on Friday issued an appeal to the automaker and U.S. officials to break an impasse in a crucial round of debt restructuring talks. GM's $13.4 billion in emergency loans from the U.S.
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Kroymans Corp., General Motors' European distributor for Cadillac cars, today said it is seeking court protection from creditors. The Dutch-based dealer group said it has acute liquidity problems due to a collapse in new- and used-car sales.
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British van maker LDV has warned that it will have to call in administrators within days if it does not get a loan from the taxpayer, but the government stuck to its view that its Russian parent should bail it out.
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In an interview, MotoGP champion Valentino Rossi has named not taking on formula one as his only regret at the age of 30.
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Two years after becoming the youngest driver in the history of the Star Mazda Championship, John Edwards scored his first career Atlantic victory and a $50,000 winner's paycheck in Friday's season opener at Sebring International Raceway.
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Jenson Button on Saturday said he is not concerned to hear that his Brawn team will be accommodated at the far end of the pitlane in 2009.
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Mark Webber has revealed he also broke his shoulder in his cycling crash late last year.
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Seth Thomas capitalized on a tremendous start from the front row to take his first-ever SCCA Pro Racing SPEED World Challenge Touring Car win in the SPEED World Challenge Season Opener at Sebring, part of the 57th Annual Mobil 1 12 Hours of Sebring.
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Max Mosley on Saturday said he expects the row about rear diffusers will come to a head when the F1 circus meets for the 2009 season opener next week.
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A meeting next Wednesday could result in Hockenheim pulling out of formula one, but Bernie Ecclestone for now is refusing to step in.
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F1's governing body has agreed to call off the immediate implementation of its newly announced 'winner takes all' scoring system, amid the determined opposition of the teams.
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The mission was to develop a sporty, capable, high-performance SUV that could tow something heavy and tackle rough trails. Some years back, Porsche and Volkswagen sat around the table to make it happen by way of a joint SUV platform. Subsequently, the Porsche Cayenne and Volkswagen Touareg were born.
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About 14 percent of General Motors' and Chrysler LLC's U.S. sales in the first two months of the year came through a new program offering discounts to credit union members.
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About 14 percent of General Motors' and Chrysler LLC's U.S. sales in the first two months of the year came through a new program offering discounts to credit union members.
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After three years anticipating and two hours driving the 2010 Chevrolet Camaro, there's not much to be disappointed about. And, yet, a thought lingers: The 426-hp, LS3-powered Camaro SS is hot, but the V6-powered LS (and LT) are crucial.
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After three years anticipating and two hours driving the 2010 Chevrolet Camaro, there's not much to be disappointed about. And, yet, a thought lingers: The 426-hp, LS3-powered Camaro SS is hot, but the V6-powered LS (and LT) are crucial.
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Mercedes-Benz, defying a worldwide decline in auto sales, is preparing to expand its U.S. assembly plant. The plans, which have not been formally announced, include a $290 million investment at the Vance, Ala.
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Mercedes-Benz, defying a worldwide decline in auto sales, is preparing to expand its U.S. assembly plant. The plans, which have not been formally announced, include a $290 million investment at the Vance, Ala.
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