Daimler is open to any third party interested in its 19.9 percent Chrysler stake and unlikely to buy back its shares in the medium term, the German carmaker's finance director said.
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Daimler is open to any third party interested in its 19.9 percent Chrysler stake and unlikely to buy back its shares in the medium term, the German carmaker's finance director said.
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The CEO of Navistar International Corp. said Monday that he remained open to the possibility of acquiring General Motors' medium-duty truck unit while showing no interest in the facility where those vehicles are made.
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The Schaeffler family is prepared to give up majority control of its business but wants to keep a blocking minority, it said after agreeing to surrender a substantial equity stake to reduce debt.
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Schaeffler Group needs up to 6 billion euros ($7.75 billion) in fresh financing, co-owner Georg Schaeffler said as the company again called on the German government for help
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Two Wagon Automotive executives have taken control of one of the bankrupt supplier's factories in Germany.
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Double World Rally Champion Marcus Gronholm has decided to come out of retirement to contest April's Rally Portugal in a Subaru Impreza WRC.
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By now most anyone with a pulse is aware of hybrid-powered vehicles, the Toyota Prius being most broadly cited. For the hybrid unaware, this technology is in short the blending of rechargeable battery power with conventional gas power in an effort to improve economy and reduce harmful emissions.
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By now most anyone with a pulse is aware of hybrid-powered vehicles, the Toyota Prius being most broadly cited. For the hybrid unaware, this technology is in short the blending of rechargeable battery power with conventional gas power in an effort to improve economy and reduce harmful emissions.
Full story...
By now most anyone with a pulse is aware of hybrid-powered vehicles, the Toyota Prius being most broadly cited. For the hybrid unaware, this technology is in short the blending of rechargeable battery power with conventional gas power in an effort to improve economy and reduce harmful emissions.
Full story...
Auto123.com spoke at length with IndyCar driver Alexandre Tagliani about the 2009 IRL season and his relationship with the Conquest Racing team.
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Honda Motor Co.'s incoming chief executive has left the door open to the struggling Japanese manufacturer returning to formula one in the future.
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The Force India Formula 1 team will give its 2009 formula one car, the VJM02 its track debut on Sunday in Jerez, the Silverstone based team has announced.
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Rumours have placed Milka Duno to drive alongside Graham Rahal and Robert Doornbos at Newman/Haas/Lanigan Racing, and the team has announced that the Venezuelan will test for them at Homestead this week.
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The Abu Dhabi Grand Prix was announced in early 2007 at the Abu Dhabi F1 Festival, and the first Formula 1 Grand Prix will take place November 1st 2009.
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Plans have been officially announced for a new, American Formula One team, who hope to be on the grid for the start of the 2010 season. The project, led by F1 veterans Peter Windsor and Ken Anderson, will be based in Charlotte, North Carolina, with European satellite facilities likely to be located in Spain.
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Former Formula 1 driver Robert Doornbos joined fellow 2009 rookies Raphael Matos, Mike Conway and NASCAR driver Stanton Barrett for a rookie orientation session on the Miami oval prior to the opening test of the IndyCar season at Homestead Tuesday night.
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As of May 19, Québec motorists will have to pay particular attention to their speed on certain parts of the highway, as that's when photo radars will be making their appearance alongside traffic cameras at red lights.
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Former Formula 1 driver Robert Doornbos joined fellow 2009 rookies Raphael Matos, Mike Conway and NASCAR driver Stanton Barrett for a rookie orientation session on the Miami oval prior to the opening test of the IndyCar season at Homestead Tuesday night.
Full story...
Auto123.com spoke at length with IndyCar driver Alexandre Tagliani about the 2009 IRL season and his relationship with the Conquest Racing team.
Full story...
With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up
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