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Dec
3rd

Chrysler needs $7 billion loan by year’s end

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Chrysler CEO Bob Nardelli will ask Congress this week for a $7 billion bridge loan by Dec. 31 to help the automaker survive until market conditions improve. Chrysler will have about $2. Full story...
Dec
3rd

Chrysler descendant appeals for company’s survival

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The great-grandson of the man who founded the car-maker Chrysler in 1924 on Tuesday added his voice to the campaign to save the company, noting it also built 22,000 tanks in World War Two and rockets that put the first American on the moon. Full story...
Dec
3rd

Audi plans A5, S5 cabriolets for next fall

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Audi is sticking with soft tops as it expands its popular A5 coupe family to include convertibles. Full story...
Dec
3rd

Detroit 3 boost bailout requests to $34 billion

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The Detroit 3 yesterday increased their appeals for federal loans beyond the $25 billion requested in November. General Motors, Ford Motor Co. and Chrysler LLC together are asking Congress to approve loans and credit lines that total $34 billion. Full story...
Dec
3rd

Fear of bankruptcy scares off GM customers

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Is the smell of death keeping customers away from General Motors showrooms? You bet, says Mark LaNeve, GM's vice president of North American sales, service and marketing. Full story...
Dec
3rd

Mulally from the road: ‘The whole industry could go down’

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If U.S. auto sales sink beyond Ford Motor Co.'s forecasted rate, Ford will need a federal loan to survive 2009, CEO Alan Mulally said yesterday. Full story...
Dec
3rd

Jesse Jackson plans show of support for Detroit 3

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Civil rights leader Jesse Jackson wants to mobilize minority auto dealers, suppliers and media to help explain the role the Detroit 3 play in local and minority communities across the nation. Jackson has scheduled a meeting Friday in Detroit. Full story...
Dec
3rd

2009 Mazda5 GS Review (video)

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With a national average of just over 1.5 children per family, full-size minivans seem rather large for daily use. In a stroke of genius, Mazda has decided to bring the minivan down to a more palatable size, one that meets a family's real needs. Full story...
Dec
3rd

A road paved… with old asphalt shingles!

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Old asphalt shingles, which are usually found on rooftops, are being given a new life in Nova Scotia: the government plans on using them to pave a road. About 20 tons of recycled asphalt shingles will be used to pave Mills Drive, in Goodwood, a Halifax Regional Municipality. This innovative recycling pilot project should cost around $180,000. Full story...
Dec
3rd

2009 Mazda5 GS Review (video)

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With a national average of just over 1.5 children per family, full-size minivans seem rather large for daily use. In a stroke of genius, Mazda has decided to bring the minivan down to a more palatable size, one that meets a family's real needs. Full story...
Dec
3rd

Ford Submits Business Plan to Congress

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Ford has just submitted their business plan to the US Congress, detailing plans for future profitability and an electric car strategy. Congress asked for business plans from the ailing 'Big 3' automakers, in consideration for 'bridge financing'. Full story...
Dec
3rd

F1: Fernando Alonso would leave F1 if standard engines were imposed

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Two-time Formula 1 World Champion Fernando Alonso has said he would consider leaving formula one if the sport enforces standard engines from 2010. Full story...
Dec
3rd

IRL: 2009 Indy Lights calendar published

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The 15-race Indy Lights series' schedule for 2009, divided among eight ovals, four temporary street circuits and three permanent road courses, includes three new venues and the series' first two races outside of the United States. Full story...
Dec
3rd

Speedcar: Jacques Villeneuve to race Speedcar in 2009

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The contract was officially signed on Wednesday. Canadian Jacques Villeneuve, the 1997 formula 1 world champion will contest the full 2009 season of the Speedcar series this winter. Full story...
Dec
3rd

GM submits business plan to the U.S. Government; Saturn brand will be dropped

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Ford, GM and Chrysler have publicly released their business plans that have been submitted to the U.S. Government in order to seek financial aid. While Ford seems to have enough cash on hand to survive a dark-looking 2009 sales year, GM and Chrysler need extra funding immediately. Full story...
Dec
3rd

F1: Honda calls off expensive media lunch

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In the grip of the global financial crisis, Honda's formula one team has cancelled its usual annual post-season media lunch. Full story...
Dec
3rd

MotoGP: Kawasaki must show results soon

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Having finished the 2008 MotoGP campaign at the bottom of the manufacturer standings, Kawasaki has no choice and must improve their results next season as the pressure mounts on the Japanese manufacturer's team. Full story...
Dec
3rd

F1: New Renault to debut on January 20

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Renault's 2009 Formula 1 car, the R29, will make its test track debut on January 20, team driver Fernando Alonso said at a sponsor event on Tuesday. Full story...
Dec
3rd

Formula BMW: Preview of the 2008 World Final

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The fourth Formula BMW World Final, to be held at the Autódromo Hermanos Rodríguez in Mexico City from 5th to 7th December 2008, offers the winner a unique prize - he will get the chance of a test drive in a BMW Sauber F1 Team racing car. Full story...
Dec
3rd

Speedcar: Jacques Villeneuve to race Speedcar series

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The contract was officially signed on Wednesday. Canadian Jacques Villeneuve, the 1997 formula 1 world champion will contest the full 2009 season of the Speedcar series this winter. Full story...
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