Auto News 5

Toyota Formula 1 driver Jarno Trulli sat out Thursday's proceedings at the Interlagos circuit, amid reports he is not well. Read more ...

Nissan's 350Z was launched as a 2003 model, and its successor, the new 370Z is getting set up to fill its shoes this spring. It's the first full redesign of the model since its launch 5 years ago, and Nissan says that the updated 370Z will build on the strengths of its predecessor with plenty of performance, style and value when it goes on sale. Read more ...

Yeah, I got the Bullitt from Ford. My editor said that in his opinion "It was about time", but I think that he misunderstood what I meant! The Bullitt that I actually got was the all new Mustang Bullitt, the car designed to refresh in our minds, that famous 1968 Steve McQueen movie of the same title. Come on now, if you really profess to love all things automotive, then you have to have seen that one! It is simply the greatest high-speed car chase film ever made. Read more ...
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The U.S. Treasury Department is not negotiating with General Motors and the owners of Chrysler LLC on a request to provide direct government aid to their proposed merger, a Bush administration official said today. Read more ...

Metaldyne Corp. wants its bondholders to allow the company to buy back $392.2 million in outstanding bonds at less than 30 cents on the dollar. Read more ...

Two publicly held dealership groups reported profits today, but exposure to the Detroit 3 is contributing to third-quarter net losses for many of the nation's publicly held dealership groups. Read more ...

A merger between General Motors and Chrysler LLC would result in the closing of as many as half of Chrysler's factories and the elimination of all but seven of its core models, according to a report by consulting firm Grant Thornton LLP. Read more ...

Ford Motor Co. plans to restore a third crew of production workers to its F-150 plant in Dearborn, Mich., in January, adding about 1,000 employees to the plant's work force. Read more ...
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Ford Motor Co. plans to restore a third crew of production workers to its F-150 plant in Dearborn, Mich., in January, adding about 1,000 employees to the plant's work force. Read more ...

Ford Motor Co. plans to restore a third crew of production workers to its F-150 plant in Dearborn, Mich., in January, adding about 1,000 employees to the plant's work force. Read more ...

The governors of six states urged the U.S. Treasury and the Federal Reserve to take "immediate action" to prevent a deepening crisis for the auto industry that would become "an unmanageable disaster" for state governments, in a letter released today. Read more ...

Denso Corp.'s net income collapsed in the fiscal first half ended Sept. 30, on currency losses and falling vehicle production by automakers in North America. The world's second-largest automotive supplier also slashed its full-year earnings forecast. Read more ...

Auto dealers are calling on President Bush and Congress to take emergency measures to help revive vehicle retailing and contribute to the nation's economic recovery. Read more ...

Our spies have managed to capture the best pictures yet of Mercedes' upcoming CLK coupe replacement. Read more ...

Interiors specialist Lear Corporation has posted a pretax third quarter loss of $US77.3m on net sales of $3.1bn. Read more ...

Mitsubishi Motors Corp. returned to profit in the fiscal first half, but tumbling sales in the United States led the carmaker to trim its full-year earnings outlook. Mitsubishi now expects operating profit to fall to and#165;50.0 billion ($471. Read more ...

Louise Goeser, Ford Motor Company vice president and president and CEO of Ford of Mexico is to retire. She will be succeeded by Eduardo Serrano, currently Ford of Mexico's chief operating officer. Read more ...

Denso has reported a 50% fall in first half income, leading the group to revise downwards its full year targets. Read more ...

Continental issued a lower 2008 revenue forecast and reaffirmed its revised margin target after posting lower-than-expected underlying operating profit in the third quarter. Read more ...

Mitsubishi returned to profit in the fiscal first half, with Europe being a rare bright spot in the company's global operations. The region was the only market with a sales increase in the April-September period. Read more ...