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Jan
29th

Mini Crossman prototype goes out for winter fun:

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Remember Mini’s Crossover concept from the Paris motor show last fall? Well, here’s a look at a disguised prototype for the road-going version. Full story...
Jan
29th

Ford burns through $5.5 billion in 4th quarter as losses mount:

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Ford Motor Co., the only U.S. automaker operating without federal loans, burned through $5.5 billion in cash during the final three months of 2008 as losses mounted. Full story...
Jan
29th

2010 Porsche 911 GT3

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2010 Porsche 911 GT3
2010 Porsche 911 GT3 - Latest News, Features, and Reviews - Automobile Magazine
If racing truly improves the breed, then there's no besting the 2010 Porsche 911 GT3.

Though we rarely meet a Porsche we don't like, the 911 GT3 - a hardcore, track-tuned version of the legendary sports car - has always occupied a soft spot in our hearts. That likely won't change, as the 2010 Porsche 911 GT3 has grown in all the right places.


Photo Gallery: 2010 Porsche 911 GT3 - Latest News, Features, and Reviews - Automobile Magazine


Full story...
Jan
29th

Feds roll out vehicle database

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The U.S. Justice Department today announced the launch of an electronic database that will help auto dealers and consumers check vehicle histories. The database, which has been in the works for more than 16 years, goes live at 9 a.m. Full story...
Jan
29th

US: Ford full-year loss $14.6bn

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Ford recorded a net after-tax loss of $14.6bn ($6.41 a share) last year compared with $11.84bn (-$5.03 a share) in 2007, according to results released on Wednesday. Full story...
Jan
29th

Noble International to seek strategic alternatives

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Noble International Ltd. has retained financial advisers as it reviews "strategic alternatives" for the company's future, Noble said today. Full story...
Jan
29th

Gentex posts first quarterly loss in 25 years

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Automotive mirror supplier Gentex Corp. today said it posted a quarterly loss for the first time in 25 years, hurt by last-minute customer order reductions, and said it expected a 40 percent decline in sales during the current quarter. Full story...
Jan
29th

2010 Porsche 911 GT3 to bow at Geneva motor show:

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It perhaps is the ultimate 911, and now it’s getting even better. Porsche will unveil an updated 911 GT3 at the Geneva motor show on March 3 with engine and chassis refinements that bolster its gripping performance. Full story...
Jan
29th

RUSSIA: Kamaz cuts more production

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Kamaz plans to suspend production from February 2 through February 11 due to falling demand for its trucks. Full story...
Jan
29th

RUSSIA: GM JV to reduce production

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GM has said that it plans to reduce output from its Russian JV with AvtoVAZ. Full story...
Jan
29th

Fastest Bentley

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New model from Bentley guzzles biofuel, and delivers rocketship performance. Full story...
Jan
29th

Volvo reports $1.46bn loss

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Volvo suffered a disastrous 2008 with a pre-tax loss of $1.46 billion. More than half of the loss came in the fourth quarter when Volvo lost $736 million, compared with a breakeven in the fourth quarter of 2007 Full story...
Jan
29th

CZECH REPUBLIC: First Yeti assembled – report

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Skoda has reportedly assembled the first unit of its new Yeti small SUV at the Kvasiny plant, eastern Bohemia. Full story...
Jan
29th

SPAIN: Hyundai offers finance incentive

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Hyundai Motor is offering new customer incentives in Spain's depressed car market. Full story...
Jan
29th

INDIA: Maruti Suzuki Q3 profits slide

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Maruti Suzuki India, hit by rising costs, adverse currency effects and a slight fall in sales, has reported a fall in nine-month profits. Full story...
Jan
29th

Ford of Europe posts $1bn profit

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Ford's European operations were a bright spot for the troubled U.S. carmaker with the division reporting a 2008 pretax profit of $1.06 billion, up from $997 million in 2007. Full story...
Jan
29th

US: Ford Credit to axe 1,200 – reports

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Ford is to axe 1,200 people or 20% of the workforce at its finance unit, US media reports have said. Full story...
Jan
29th

US [updated 15:25GMT]: Ford Credit axing 1,200

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Ford Motor Credit on Wednesday said it would restructure its US operations with the loss of about 1,200 permanent and temporary jobs, about 20% of its current staff. Full story...
Jan
29th

AutoNation posts Q4 profit despite decline in sales

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AutoNation Inc., the nation's largest auto dealership group, today said it remained profitable in the fourth quarter despite a $1.4 billion drop in revenue. Full story...
Jan
29th

MALAYSIA: Proton and Youngman relationship ‘on track’

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Proton's relationship with Chinese maker Jianhua Youngman Automobile Manufacturing - which includes the supply of Proton vehicles for rebadging and sale in China - is on track, according to reports. Full story...
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