Toyota Motor Corp. lowered its 2008 U.S. sales forecast to a range of 2.2 million to 2.3 million units after it saw October sales drop 26 percent. Bob Carter, General Manager of Toyota's U.S.
Auto parts maker Linamar Corp. reported a 56 percent drop in quarterly profit today as volumes fell significantly and costs climbed. The company, which makes precision automotive components for engines and transmissions, earned C$11.
Additional help for distressed U.S. automakers is under consideration by Democratic congressional leaders, but the shape of any assistance and a timeframe for action must await the outcome of today's election, aides said.
General Motors and Ford Motor Co. posted more than $27 billion of net losses in the first half of 2008 -- and that was before a deepening economic slowdown pushed industry sales to 25-year lows.
According to Honda team principal Nick Fry Formula one officials are in discussions to return the category to North America. And that is not in Montreal...
Signs of the harsh economic times that will prevail in the near future in NASCAR as Dale Earnhart Jr announces that he will scale down its Nationwide team, JR Motorsports, to only a one car operation next season.
Young hopeful and 2007 Canadian Tire NASCAR series champion Andrew Ranger won't probably be back this year in the Nationwide series according to his manager Alan Labrosse.
The two well-known Sprint Cup teams Chip Ganassi Racing and Dale Earnhardt Inc. have entered discussions that could lead to a merger between the two organizations according to reports in the media.
When has a Volvo ever sparked such a firestorm of attention? In one quick stop at a gas station, I was drawn into two separate conversations about the C30 T5 R-Design. The first gent led off with the usual, "how do you like C30?" The second fellow launched by informing me of his wife's desire to own a C30. Thanks to the tremendous appeal of Volvo's youth-oriented hatch, my quick hit of fuel became a rather protracted social event.
Hot news about new Formula 1 champion Lewis Hamilton, Honda's Jenson Button, Bernie Ecclestone and Toro Rosso' Sébastien Bourdais.
Five-time World Rally Champion Sébastien Loeb - nicknamed the "Michael Schumacher of Rallying" - will soon drive a Red Bull-Renault Formula 1 car, and then taste the diesel power of the Peugeot 908 Le Mans car.
Hot news about new Formula 1 champion Lewis Hamilton, Honda's Jenson Button, Bernie Ecclestone and Toro Rosso' Sébastien Bourdais.
Following a number of controversial decisions in 2008, Formula 1's governing body - the FIA - announced on Wednesday some changes to the stewarding system.
According to Honda team principal Nick Fry Formula one officials are in discussions to return the category to North America. And that is not in Montreal...
The two well-known Sprint Cup teams Chip Ganassi Racing and Dale Earnhardt Inc. have entered discussions that could lead to a merger between the two organizations according to reports in the media.
BMW Management Chairman Dr. Norbert Reithofer recently made a statement about the international financial crisis and how it relates to BMW group's operations. "The international financial crisis has gained further momentum in the third quarter, and has now hit the real economy with full force" he said- before stressing that BMW is prepared to meet economic challenges and that they remain a strong performer with a solid foundation that will help to 'weather the storm'.
Signs of the harsh economic times that will prevail in the near future in NASCAR as Dale Earnhart Jr announces that he will scale down its Nationwide team, JR Motorsports, to only a one car operation next season.
The president of Ferrari, Luca di Montezemolo has put a dampener on unrelenting speculation that Fernando Alonso is still a dark horse for a Ferrari seat in 2009.
Young hopeful and 2007 Canadian Tire NASCAR series champion Andrew Ranger won't probably be back this year in the Nationwide series according to his manager Alan Labrosse.
The ING Renault F1 Team confirms its 2009 driver line-up for next year's FIA Formula 1 World Championship.
With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up
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