Tesla Motors posted a wider second-quarter loss on higher research and development costs as the electric car maker races to launch a new sedan in 2012. Tesla, known for its $109,000 Roadster, reported a second-quarter net loss of $38.
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Bob Grace, previously Jaguar Land Rover overseas operations director, has been appointed to the newly created position of president, Jaguar Land Rover China where hewill oversee the company's rapidly expanding operations in China and focus on managing sales growth of the two brands. Grace joined the company in 1985 and has held a variety of managerial roles.
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IZOD IndyCar Series officials have fined driver Helio Castroneves $60,000 and placed him on probation for the remainder of the season for his actions during and following the July 25 race at Edmonton City Centre Airport.
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Former Formula 1 driver Derek Warwick, who was working as a race steward this past weekend at the Grand Prix of Hungary, revealed at BBC's Radio 5 Live that Michael Schumacher was nearly black-flagged at the end of the race.
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Lewis Hamilton has vowed to contribute to McLaren's off-track efforts ahead of the final seven races of 2010.
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Canadian Patrick Carpentier will be back behind the wheel of a Sprint Cup car this weekend on the scenic road course of Watkins Glen.
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Vitaly Petrov boosted his chances of retaining his Renault race seat for 2011 with a strong weekend in Hungary.
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Max Papis will get a chance to apply his road course skills to the NASCAR Nationwide Series race in Montreal behind the wheel of the No. 33 Kevin Harvick, Inc Chevrolet.
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Ever since Michael Waltrip added investor Robert Kauffmann, at MWR, you could say that the two-time Daytona 500 winner had an itch to race sports cars.
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An unofficial draft calendar for the 2011 Formula 1 season emerged in the paddock during the Hungarian grand prix weekend.
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Quebec racer Mikael Grenier and Conor Daly both claimed victory in the two races held this past weekend at Harrah's Autobahm Grand Prix in Joliet, Illinois.
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Sebastian Vettel moved up a place in the drivers' world championship on Sunday, but he ended the race with a long face.
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Giaccomo Ricci took his first GP2 win in race 2 at Budapest after he led from start to finish.
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The Scuderia Italia's Porsche 997 driven by Dumas-Bergmeister-Henzler-Ragginger clinched victory in Spa 24 hours race, although BMW dominated the event.
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With Red Bull so dominant at the twisty Hungaroring, it might be the opening moments of Sunday's grand prix that determines the outcome.
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The Reiter Lamborghini No.25 of Ricardo Zonta and Frank Kechele won a thrilling Championship Race at Spa.
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The American outfit Cypher Group has pulled out of the running to race in formula one next year.
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German firm races to sales milestone in just 10 months.
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Braun Racing announced on Thursday that former Formula One World Champion Jacques Villeneuve would drive the No. 32 Dollar General Toyota in the upcoming Zippo 200 Nationwide series' race at Watkins Glen International.
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