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.
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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.
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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.
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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.
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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.
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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.
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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...
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...
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.
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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.
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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'.
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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.
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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.
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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...
General Motors CEO Rick Wagoner says the automaker needs $4 billion this year to shore up its cash supply. Any long-term survival depends on cutting some of its brands.
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Chrysler needs a $7bn secured working capital bridge loan by 31 December or it may run out of cash and be unable to operate beyond the first quarter of next year, the automaker said in its submission to the Senate Committee on Banking ahead of the congressional hearing in Washington starting tomorrow (4 December).
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General Motors has asked Congress for term loans of up to $12bn to provide adequate liquidity levels through to 31 December 31, 2009 and has requested an "initial draw" of $4bn this month.
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Audi is sticking with soft tops as it expands its popular A5 family to include convertibles.
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The Detroit 3 today 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.
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