Auto News 5

Rival green carmakers Fisker Automotive and Tesla Motors have gone in opposite directions to sell their vehicles. Tesla is trying factory-run dealerships it likens to Apple computer stores. Full story...

In their quest to identify the classic cars of the future, Hagerty is constantly monitoring the pulse of the automotive industry, looking for potential future classics. With the recent news surrounding government bailouts, potential bankruptcies and turmoil amongst GM and Chrysler, many Americans are wondering how this will impact what cars they will see on the road. Full story...

Valeo posted a first-quarter operating loss and a 33.4 percent drop in sales, and pledged to step up its cost-cutting plans in the face of the global automotive industry crisis. Full story...

Campagna Motors announced today that it is partnering with OptaMotive to compete in the Progressive Insurance Automotive X Prize. With a prize purse of over $10 million, this competitive American race is designed to inspire the development of super fuel-efficient vehicles. The partnership's objective is to build a commercially viable and appealing vehicle capable of getting the equivalent of 2.35 litres per 100 km or less (100 miles per gallon or more) while maintaining the performance of a race car! Full story...

Collectible Classic: 1991-1997 BMW 850i

The 850i was a technological showcase, boasting cutting-edge luxury features such as remote keyless entry, dual-zone climate control, a power tilt-and-telescope steering wheel, a twelve-speaker stereo, and windows that automatically closed at high speeds.

The 1991 BMW 850i was blasted by the automotive media and ardent Bimmer-philes as an enormous letdown - a passionless cruiser from the self-proclaimed makers of the Ultimate Driving Machine. The complaints were numerous, and many were valid. But the 8-series' mission wasn't to tear up back roads, it was to grab attention on the boulevard - and nearly two decades later, it still turns heads.

Photo Gallery: 1991-1997 BMW 850i - Collectible Classic BMW Car - Automobile Magazine

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Asian automakers will increase their share of North American vehicle output as production slowly recovers from the recession, a top automotive forecaster says. Full story...

Asian automakers will increase their share of North American vehicle output as production slowly recovers from the recession, a top automotive forecaster says. Full story...

Eaton Corporation, a supplier of truck and automotive drivetrain and powertrain systems, has a net loss per share of US$0.30 for the first quarter of 2009 versus net income of $1.64 a share in Q1 2008. Full story...

Automotive mirror producer Gentex Corp. posted its second straight quarterly loss, hurt by a steep decline in vehicle production levels, and forecast a 30 percent drop in revenue for the current quarter. Full story...

Automotive wheel maker Hayes Lemmerz International Inc. expects auditors to express "substantial doubt" about its ability to remain in business. The suburban Detroit supplier also said it would file its annual financial report late. Full story...

Volkswagen posted a 76 percent drop in first-quarter operating profit on Wednesday, but automotive net liquidity rose 34 percent compared with the end of last year, as the group slashed investments. Full story...

Volkswagen swung to first-quarter operating loss when excluding a one-off disposal gain but preserved cash as Europe's largest carmaker staved off the worst of a crisis in the automotive industry. Full story...

Automotive wheel maker Hayes Lemmerz International Inc. expects auditors to express "substantial doubt" about its ability to remain in business. The suburban Detroit supplier also said it would file its annual financial report late. Full story...

Automotive wheel maker Hayes Lemmerz International Inc. expects its auditors to express "substantial doubt" about the supplier's ability to remain in business. Hayes Lemmerz made the disclosure in a U.S. Full story...

Automotive News and co-sponsors Ernst and Young and the Transportation Research Center Inc. Monday night presented the winners of the 2009 Automotive News PACE Awards. Full story...

Automotive News and co-sponsors Ernst and Young and the Transportation Research Center Inc. Monday night presented the winners of the 2009 Automotive News PACE Awards. Full story...

Governor Arnold Schwarzenegger participated in a moderated Q&A discussion with CNBC auto and airline industry reporter Phil LeBeau at the opening session of the Society of Automotive Engineers World Congress 2009 in Detroit, Michigan. Full story...

At an event in Washington DC today, Bright Automotive unveiled the world's first purpose-built 2.4 liters/100 km (100 miles per US gallon) vehicle aimed at commercial and government fleets. Named the IDEA, the multi-use vehicle falls into the light truck classification. The company announced it plans to produce 50,000 vehicles annually by 2013, providing businesses and government agencies with a highly durable, cost-saving and eco-friendly new vehicle, and creating thousands of American jobs. Full story...

At an event in Washington DC today, Bright Automotive unveiled the world's first purpose-built 2.4 liters/100 km (100 miles per US gallon) vehicle aimed at commercial and government fleets. Named the IDEA, the multi-use vehicle falls into the light truck classification. The company announced it plans to produce 50,000 vehicles annually by 2013, providing businesses and government agencies with a highly durable, cost-saving and eco-friendly new vehicle, and creating thousands of American jobs. Full story...

Automotive News and co-sponsors Ernst and Young and the Transportation Research Center Inc. Monday night presented the winners of the 2009 Automotive News PACE Awards. Full story...