Russian carmaker AvtoVAZ has halted its assembly line indefinitely because of difficulties with parts suppliers, the Kommersant newspaper said.
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Cascading red ink in North America and Europe prompted Toyota Motor Corp. today to triple this year's expected loss and seek sweeping cost cuts of $5.5 billion.
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Toyota Motor Corp said it expected its full-year loss would be three times what it had flagged just six weeks ago as the world's biggest automaker struggles to cut production fast enough to match sliding sales.
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Standard and Poor's and Moody's Investors Service today cut their credit ratings on Toyota Motor Corp., as the world's top automaker heads for its first annual operating loss in seven decades.
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Auto-parts maker Delphi Corp. said its value had deteriorated more than it expected in recent months amid plunging auto sales and has sought U.S. Bankruptcy Court permission to eliminate health-care benefits for 15,000 salaried retirees.
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Cash-strapped South Korean SUV maker SsangYong Motor secured protection from creditors, but may struggle to revive in the near term or find new owners as the car industry suffers its worst downturn in decades.
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The investors who just purchased most of the assets of specialty-car maker Saleen Inc. have considered buying the Dodge Viper business, though it's unclear whether they are among the three bidders Chrysler has publicly acknowledged.
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Cash-strapped South Korean SUV maker SsangYong Motor secured protection from creditors, but may struggle to revive in the near term or find new owners as the car industry suffers its worst downturn in decades.
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Troubled auto parts maker Delphi Corp said its value had deteriorated more than expected in recent months amid a steep slump in the auto sector and it has sought U.S.
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The Scuderia Toro Rosso Formula 1 team has confirmed that Frenchman Sebastien Bourdais will again race for the Red Bull-owned team in 2009.
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FIA President Max Mosley has confirmed reports that a prospective American team is looking into racing in formula one next year.
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Reigning NASCAR Sprint Cup champion Jimmie Johnson's cut finger is "healing well," and he plans to test several braces on his left hand when Daytona International Speedway opens on Friday.
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Yates Racing's Paul Menard will sit on the pole for the Budweiser Shootout on Saturday night at Daytona International Speedway.
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Young Canadian drivers are eagerly waiting until later this month, when the all-new 2010 Kia Soul compact crossover is scheduled to arrive in showrooms. Now, they know that the company held up its promise of affordable pricing and interesting value.
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Yates Racing's Paul Menard will sit on the pole for the Budweiser Shootout on Saturday night at Daytona International Speedway.
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Ford's special development team, the SVT, intends to race its ultimate Raptor R pickup in the 2009 "Best in the Desert" endurance race series. Based on the regular versions, the Raptor is a true off-road monster.
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Despite its long flirt with formula one, Russia is still no closer to definitely staging a Formula 1 grand prix.
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Despite its long flirt with formula one, Russia is still no closer to definitely staging a Formula 1 grand prix.
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Reigning NASCAR Sprint Cup champion Jimmie Johnson's cut finger is "healing well," and he plans to test several braces on his left hand when Daytona International Speedway opens on Friday.
Full story...
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