General Motors has asked real estate agent Jones Lang LaSalle for help in raising up to $257 million from the sale and leaseback of some of its European offices and other property assets, the Financial Times said.
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Spain will provide its car industry with 800 million euros ($1 billion) in funding to protect jobs during a severe slowdown in the sector, Prime Minister Jose Luis Rodriguez Zapatero said on Thursday.
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General Motors has asked real estate agent Jones Lang LaSalle for help in raising up to $257 million from the sale and leaseback of some of its European offices and other property assets, the Financial Times said.
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Italian Grand Prix racer Giancarlo Fisichella has reiterated his belief that he will line up in his Force India as scheduled on the 2009 grid.
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Former double world champion Fernando Alonso is sure he will not retire until he adds a third title to his tally.
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German car manufacturer Audi will launch their new LMP1 in 2009, but only for Sebring and Le Mans, and won't be present in ALMS neither LMS.
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No one knows what got into the head of a Subaru dealer of Dallas and Plano, North Texas, but he has just made a rather surprising offer to car buyers.
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Could this be the sneakiest convertible on the road? Except for some minor visual cues, Volvo's C70 could pass effortlessly as a big coupe. It's as sleek as Volvo's blocky styling will allow, and the roof integrates so cleanly with the rest of the body that it appears fixed in place. C70 gives owners two cars in one: an open-air four-seater for when it's nice out, and a roomy coupe for when it isn't.
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Having been denied a postponement in the case of the U.S. Government vs. Helio Castroneves, Penske Racing could be force to make a decision before Christmas on whether or not to replace its star driver for the 2009 IndyCar season.
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James Glickenhaus is said to be one of the greatest car collectors in the world- and he's just become the first American customer to receive an Alfa Romeo.
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If 74-year old James Hylton intends to become the oldest driver to compete in the NASCAR Daytona 500, UK's Tom Cave intends to become the youngest driver to contest a round of the FIA World Rally Championship.
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Former Grand Prix racer, Austrian Gerhard Berger has refused to rule out returning to the formula one paddock with another official role at some point in the future.
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It could not have been a more realistic scenario then to see the 2008 MotoGP champion Valentino Rossi moved to the top of the times on the second and final day of testing at Jerez. In doing so, he even managed to beat the time set by Dani Pedrosa yesterday.
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On the initiative of Peugeot Sport, Citroën Sport and Total, which is a partner of both teams, Sébastien Loeb and Stéphane Sarrazin were given a chance to sample each other's cars, namely the Citroën C4 WRC and the Peugeot 908 HDi FAP.
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The Palais des Congrès will host the 41st edition of the Montreal International Auto Show. Held from January 16 to 25, 2009, this is another show you won't want to miss! The new Innovation-Evolution attraction will feature vehicles that have managed to stand out through their uniqueness or rarity, as well as some that will surely leave a lasting impression on the drivers of tomorrow.
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One could imagine the eerie silence yesterday at Ford's Michigan Truck Plant in Wayne, when production ended at 1:30 pm and the last vehicle rolled from the assembly line.
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Could this be the sneakiest convertible on the road? Except for some minor visual cues, Volvo's C70 could pass effortlessly as a big coupe. It's as sleek as Volvo's blocky styling will allow, and the roof integrates so cleanly with the rest of the body that it appears fixed in place. C70 gives owners two cars in one: an open-air four-seater for when it's nice out, and a roomy coupe for when it isn't.
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General Motors, whose CEO was blasted last week by U.S. lawmakers for flying on a private jet to ask for public funds, has asked the U.S. Federal Aviation Administration to prevent public tracking of a jet it leases.
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Chery Auto is planning several automotive brands including a low-end brand called 'Karry' for low-cost utility vehicles that can also be used for light commercial vehicle applications.
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Romania's Dacia - a Renault Logan lead plant - is reportedly eyeing options to reduce its labour costs in the face of curtailed demand for its products.
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