Auto News 5

The Canadian Auto Workers union said on Tuesday it would find cost cutting measures to remain competitive with the U.S. arms of General Motors and Chrysler LLC after the companies reached agreements in principal with the UAW. Full story...

The Canadian Auto Workers union said on Tuesday it would find cost cutting measures to remain competitive with the U.S. arms of General Motors and Chrysler LLC after the companies reached agreements in principal with the UAW. Full story...

U.S. Full story...

Mazda North American Operations has trimmed its U.S. retail network by nearly 30 percent since 2005, CEO Jim O'Sullivan said. Mazda's U.S. Full story...

Key Plastics LLC, a maker of plastic components for cars and trucks, has completed its prepackaged bankruptcy, the company said this week. In a statement posted on its Web site on Monday, Key Plastics said its reorganization plan took effect on Feb. Full story...

General Motors and Chrysler LLC included bankruptcy scenarios in the viability plans they submitted to the federal government on Tuesday -- but both companies continue to reject the option. Full story...

GKN, the UK's largest auto parts supplier, will close two components factories in England. Full story...

Formula 1 testing in Bahrein was the scene over the last two days of two distinct incidents that caused some confusion. Full story...

Red Bull owner Dietrich Mateschitz has promised not to become a roadblock to Sebastian Vettel's Formula 1 title aspirations. Full story...

A Williams spokesman has confirmed that the Grove, UK based team will not use a KERS system at the season opening Australian grand prix late next month. Full story...

Suzuki Canada has made a startling discovery. While all the other automakers established in Canada have rather bleak prospects for the future, Suzuki is riding on a wave of success. Success that Bill Porter, Suzuki's vice-president of sales and marketing, explains is namely due to a brand-new clientele just now discovering the manufacturer. Full story...

Brazilian oil company Petrobras denied reports on Wednesday it was no longer interested in being involved in formula one. Full story...

Ford is showing attendees of the Geneva Motor Show a fresh new Ranger pickup model in stark contrast to the long-lived model available to us North Americans. Full story...

Brazilian oil company Petrobras denied reports on Wednesday it was no longer interested in being involved in formula one. Full story...

TRG Motorsports, after failing to qualify for the Daytona 500, has decided to hire veteran driver David Gilliland to try and get back into the Top-35 by the fifth race of the year. Full story...

Probably because the rain-shortened race missed out on the final laps that typically draw the most viewers, the Daytona 500's television ratings were down. Full story...

William Taylor, named chairman of the Canadian Automobile Dealers Association (CADA) last October, says he spent a very memorable evening at the Canadian International Auto Show's VIP gala event held on February 12. "The honour of being named Chairman of the Association is one thing, but the honour of celebrating tonight with the three winning dealers of the 2008 Laureate program is quite another!" exclaimed Taylor proudly. Full story...

A source close to the Brackley based formula one team has confirmed that Virgin Group is the late bidder hoping to buy the beleaguered outfit. But Sir Richard Branson is not the only one. Full story...

A Williams spokesman has confirmed that the Grove, UK based team will not use a KERS system at the season opening Australian grand prix late next month. Full story...

Suzuki Canada has made a startling discovery. While all the other automakers established in Canada have rather bleak prospects for the future, Suzuki is riding on a wave of success. Success that Bill Porter, Suzuki's vice-president of sales and marketing, explains is namely due to a brand-new clientele just now discovering the manufacturer. Full story...