Auto News 5

Nissan plans to enter the commercial vehicle market in 2010, and their latest and largest concept is a hint into the near future for commercial offerings for the brand. The NV2500 concept will take the stage at the North American International Auto Show in Detroit this January, and it represents one of the biggest concepts ever created by the automaker. Full story...

The 1998 and 1999 Formula 1 world champion with team McLaren Mercedes, Mika Hakkinen has embarked on a new career as a driver manager. Full story...

A new row over money, with the formula one teams on one side and the sport's ruling bodies on the other, looks set to intensify. Full story...

There won't be any Surfers Paradise event in the future of the IRL as both local government and the IndyCar management failed to come to an agreement on a new date for the Australian race. Full story...

Despite recently saying Force India will field an unchanged driver line-up in 2009, things have now changed, team owner Vijay Mallya has hinted. Full story...

Former IRL series' champion Sam Hornish Jr believes that is future is still in NASCAR and he categorically denied he is about to give up following a tough rookie season in the Sprint Cup series and go back to the IRL like did Dario Franchitti. Full story...

Ferrari is one of those big manufacturers that love to celebrate their victories in style. The celebrations are that much more splashy when they're for the 16th Formula 1 Constructors Cup title, which Ferrari won last week. To commemorate this exploit, the manufacturer introduced the latest version of its ultra-powerful 430, the Scuderia Spider 16M. Just as powerful, the new Spider even has a weight advantage, as it's 80 kg lighter than the F430. Full story...

The only thought going through the head of European journalists right now is this: "Which car will succeed the Fiat 500, winner of the prestigious European Car of the Year award in 2008?" Full story...

The folks at General Motors can't seem to stop bragging about their efforts to become the greenest automaker on the planet. The development of the Chevrolet Volt electric car is a vivid example. That's also why we're seeing the hybrid treatment applied to an ever-growing number of GM products. Full story...

Delphi Corp.'s operating loss narrowed to $96 million in the third quarter from a loss of $663 million a year earlier, largely because of payments received from former parent General Motors. Full Story...

DETROIT -- Delphi Corp.'s operating loss narrowed to $96 million in the third quarter from a loss of $663 million a year earlier, largely because of payments received from former parent General Motors. Full Story...

If Carl Edwards takes the pole this weekend at Homestead-Miami Speedway, his racing-spec Ford Fusion will be the one to follow another Blue Oval offering--the 2010 Fusion hybrid to be unveiled days later at the Los Angeles auto show. Full story...

General Motors CEO Rick Wagoner says GM's financial distress is so dire that it must line up financial assistance from Washington before President-elect Barack Obama takes office in January. Full Story...

The Detroit 3 may not survive their cash crises unless the federal government supplements any emergency loans with consumer cash incentives to spur auto sales, say two longtime industry leaders. Full Story...

Delphi Corp. is seeking court approval that will allow the bankrupt U.S. auto parts supplier to continue to use proceeds from its $4.35 billion bankruptcy financing through the first half of 2009, beyond the year-end maturity date. Full Story...

Some lenders to American Axle and Manufacturing Holdings Inc. agreed to extend the length of the company's revolving credit facility in return for lowering their financial commitment to the auto supplier. Full Story...

Texas dealers Tom Durant and Jean Durdin emerged from an auction today as the first buyers of the bankrupt Bill Heard Enterprises Inc. stores, turnaround consultant Fred Caruso says. Full Story...

The economic crisis that rocked Wall Street showed up as a ripple in many media company earnings reports for the third quarter -- but a more ominous harbinger of hard times emerged Friday. General Motors, which reported a $4. Full Story...

California electric car maker Fisker Automotive is setting up shop in the Detroit suburb of Pontiac, Mich. Full Story...

The board of directors of Visteon Corp. elected CEO Donald Stebbins chairman of the board on Friday. After 13 years as a Lear Corp. executive, Stebbins, 50, joined Visteon in 2005 as COO. Full Story...