WASHINGTON December 5, 2008: According to Harry Stoffer, writing for Automotive News, Democratic leaders of Congress indicated this evening they have reached agreement on a bailout plan for the Detroit 3. The agreement is designed to provide short-term loans to General Motors, Ford Motor Co. and Chrysler LLC to prevent ... Continue reading
TOPEKA, Kan. December 5, 2008: Sports Car Club of America has released dates for the 2009 Tire Rack® SCCA Solo National Tour and Tire Rack SCCA ProSolo National Series. Details have also been revealed regarding the addition of an Eastern and Western States Championship, which will serve as one third of a new Triple Cr ... Continue reading
BMW'S BIRKMANN: SERIES A LOGICAL FIT FOR US
Martin Birkmann: "The American Le Mans Series and BMW have a lot in common." As the 57th Mobil 1 Twelve Hours of Sebring presented by Fresh from Florida inches closer, BMW and Rahal Letterman Racing are continuing their efforts to debut their two-car factory-sponsored program with the next-generation M3. "The American ... Continue reading
ATHERTON PRAISES AUDI'S ACCOMPLISHMENTS AND CONTRIBUTION
Atherton: "I cannot say enough about how great a partner, competitor and participant Audi has been." American Le Mans Series President and CEO Scott Atherton expressed nothing but praise for Audi following its announcement that it will depart after the first event of the 2009 season, calling Audi's near-legendary accom ... Continue reading
Audi Adjusts Its U.S., European Motorsports Activities for 2009
- Audi's focus will be on Europe's DTM series, the 24 Hours of Le Mans and customer sport programs - No activities in the 2009 American Le Mans Series INGOLSTADT, Germany, Dec. 5 -- Audi announced it will concentrate its motorsports efforts for 2009 on the new R15 TDI sport prototype for the 24 Hours of Le Mans race, t ... Continue reading
2009 SEBRING WINTER TEST UPDATE
Braselton, GA. December 5, 2008: Despite reports to the contrary, IMSA and the American Le Mans Series will hold its annual Winter Test at Sebring International Raceway from January 26-28, 2009. Teams from the American Le Mans Series, the Star Mazda Championship presented by Goodyear and IMSA Lites presented by Hankook ... Continue reading
Annual Direct Economic Impact of Chrysler LLC in America Estimated to Exceed $29 Billion
- Benefits touch all 50 states - Chrysler not wavering from commitment to America AUBURN HILLS, Mich., Dec. 5 -- Chrysler LLC today released figures revealing that the direct economic impact of the company's operations in the U.S. exceeds $29 billion annually. The analysis covers economic activity in all 50 states, and ... Continue reading
Revised: AMA fights possible 100 percent tariffs on certain European motorcycles
American Motorcyclist Association News Release ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~ Dec. 5, 2008 FOR IMMEDIATE RELEASE Contact: Pete terHorst Phone: (877) 877-8969 E-mail: peter.terhorst@sympoint.com [mailto:peter.terhorst@sympoint.com] ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ... Continue reading
Earnhardt Jr.'s Young Driver Caps Breakout Season With First MPD Award
MOORESVILLE, N.C. December 5, 2008: For once, Dale Earnhardt Jr. isnât the only one inside JR Motorsports who is most popular among his peers. Brad Keselowski now is as well. The two racers were each named their divisionâs most popular drivers in 2008 â Earnhardt Jr. in the NASCAR Sprint Cup Series drivi ... Continue reading
Virtual Version of Le Mans & ALMS-Winning C6.R Available in New Year
BEDFORD, MA. December 5, 2008: The Chevrolet Corvette is the definitive American sports car, and the C6.R is the ultimate production-based racing version of this iconic automobile. Winner of the GT1 class at the 24 Hours of Le Mans in 2006 (the most recent of Corvetteâs four Le Mans triumphs), and the American Le ... Continue reading
Brabham Adds BRDC Woolf Barnato Trophy To Season Honours
Press Release Date: Friday 5 December 2008 Brabham Adds BRDC Woolf Barnato Trophy To Season Honours Sportscar legend David Brabham will receive the BRDC Woolf Barnato Trophy for the second time in his illustrious career, at the annual prestigious British Racing Driversâ Club Awards 2008 at the Café Royal, Londo ... Continue reading
Poll: Buyers Don't Want Cars From Bankrupt Maker
by David Goetzl - TV Newsday New York, NY December 5, 2008: More bad news for media companies hoping for a rebound from automakers: Some 52% of Americans say they would not buy or lease a car from a manufacturer that has filed for bankruptcy. The findings come from a survey conducted by CNBC and Portfolio.com as domest ... Continue reading
CNBC Poll Asks: Would You Buy a Car From a Bankrupt Manufacturer?
CNBC December 5, 2008; Suppose you were going to buy a new car. With all things being equalâlike price, performance, extra featuresâwould you be willing to purchase a car made by a manufacturer that has filed for bankruptcy protection? That's the question CNBC and Portfolio.com asked in the most recent "Wealt ... Continue reading
American Axle & Manufacturing Announces Asset Purchase Agreement with FormTech Industries
DETROIT, Dec. 5 -- American Axle & Manufacturing (AAM), which is traded as AXL on the NYSE, today announced that it has executed an asset purchase agreement with FormTech Industries LLC ("FormTech"). As part of this agreement, AAM exchanged its hub and spindle forging business for FormTech's differential gear, hypoid p ... Continue reading
China Sun Group High-Tech Co. Develops New Product 'Lithium Iron Phosphate'
- Targets Growth in China's Electric Automobile Market - LIAONING PROVINCE, China, Dec. 5 -- China Sun Group High-Tech Co. (OTC:CSGH) (BULLETIN BOARD: CSGH) ("China Sun Group") which, through its wholly-owned subsidiary, Dalian Xinyang High-Tech Development Co. Ltd ("DLX") has the second largest cobalt series productio ... Continue reading
COLUMBUS, Ind.--Cummins Inc. announced today that it will reduce its professional workforce worldwide by at least 500 employees â or approximately 3.5 percent â by the end of 2008 as a result of the continued deterioration in the U.S. economy and many other key markets around the world. The employee reduction ... Continue reading
Toyota Announces Prices for 2009 Highlander Equipped With New Four-Cylinder Engine
- - New Extra Value Packages on Select Highlander Models - - TORRANCE, Calif., Dec. 5 -- Toyota Motor Sales (TMS), U.S.A., Inc., announced manufacturer's suggested retail prices (MSRP) today for the 2009 Highlander Sport Utility Vehicle (SUV) equipped with an all-new 2.7-liter four-cylinder engine. With improved fuel e ... Continue reading
The Seat Ibiza SportCoupe, "Young Car of the Year"
The SEAT Ibiza SportCoupé has been named “Young Car of the Year 2009” by the Spanish motoring magazine Car and Driver. This award confirms, once again, the popularity of SEAT’s new generation’s best-selling model among the public and professionals of the sector since its commercial launch last ... Continue reading
First Ever Collector Car Exchange in the United States with China
DANVILLE, Calif.--The first Red Flag to ever enter the United States will be unveiled in a special ceremony next week at the Blackhawk Auto Museum in California. The Red Flag is the first collector car to be exchanged in the United States with China. Chinaâs automotive history spans a short 50 years beginning with ... Continue reading
Planner Says Jan 1 Best Date To Start Fuel Reform
Planner says Jan 1 best date to start fuel reform http://www.gasgoo.com/auto-news/1008617/Planner-says-Jan-1-best-date-to -star t-fuel-reform.html Shanghai, December 5 (Gasgoo.com) Jan. 1 would be a good date to start reforms of China's fuel taxation and pricing system, a top Chinese economic planning official said on ... Continue reading
China Automakers In Urgent Need Of Cash Flow
China automakers in urgent need of cash flow http://www.gasgoo.com/auto-news/1008619/China-automakers-in-urgent-need -of-c ash-flow.html Shanghai, December 5 (Gasgoo.com) The listed automakers Haima Auto, Brilliance Auto and Changfeng Motor said that they were in urgent need of increasing capital to replenish cash flow ... Continue reading
Fuel Tax May Add To Woes Of Bus Services
Fuel tax may add to woes of bus services http://www.gasgoo.com/auto-news/1008622/Fuel-tax-may-add-to-woes-of-bus -serv ices.html Shanghai, December 5 (Gasgoo.com) China will soon levy a fuel tax on vehicles, and will cut fuel prices at the same time the tax comes into force to reduce motorists' costs, local media said ... Continue reading
Mini E (Electric) Electrifies Rodeo Drive - VIDEO ENHANCED
Mini E (Electric) By Henny Hemmes BEVERLY HILLS CA; In November 2008, the Mini E made its world debut at the LA Auto Show. But a day earlier, people who were strolling on Rodeo Drive, Beverly Hills, got the real premiere of the electric Mini. BMW offered media a test drive from the former Beverly Wilshire Hotel and obv ... Continue reading
Peugeot Can Help Reduce The Cost Of This Year's Trip To The Slopes
Peugeot's 308 SW can transport five skiers and their luggage all the way to Chamonix on a tank full of fuel Peugeot reminds drivers of the new legislation when driving in France ... Continue reading
Toyota Begins RAV4 Production at New Canadian Plant
Tokyo â TOYOTA MOTOR CORPORATION (TMC) announces that it officially started production today* of its "RAV4" urban SUV at Toyota Motor Manufacturing Canada, Inc.'s (TMMC's) new and second plant, which is in Woodstock, Ontario, Canada. Guests at a line-off ceremony at the plant included Canada's Minister of Industry ... Continue reading
500byDIESEL Now Available Exclusively On-Line
The 500byDIESEL, a global limited edition run of just 10,000 examples, is the result of a collaboration between Fiat's Style Centre in Turin and fashion label DIESEL's design team. The idea was to create an "Urban Survival Vehicle", perfect for town traffic, yet expressing the personality of its alternative young brand ... Continue reading
High Quality And Residuals Make The VW Transporter A Double Winner
The Volkswagen Transporter van has been described as "head and shoulders" above its rivals by the judges who chose it as the Best Medium Van in the inaugural Fleet Van Awards 2008, while the latest issue of Commercial Motor magazine has named the Transporter winner of a Medium Van group test against five rivals, with p ... Continue reading
"Beware The Harbingers Of Doom - They Could Be Wrong" Says CV Show Partnership
The news that CV registrations continue to show a decline should not hide the fact that there are customers out there buying, says the CV Show Partnership, made up of the RHA, SMMT and IRTE. ... Continue reading
Mercedes-Benz Cars Sells 1,158,200 Vehicles Since the Beginning of the Year
Mercedes-Benz Cars has sold 1,158,200 passenger vehicles worldwide since the beginning of the year (January-November 2007: 1,169,900 units, minus one percent). Because of the increasingly difficult market development in Western Europe, the U.S. and Japan, a total of 84,500 Mercedes-Benz, AMG, smart and Maybach brand ve ... Continue reading
"The Future of Remembrance" - Book presentation in Philharmonie Essen
The Corporate History Department of Volkswagen Aktiengesellschaft presented to the public its anthology entitled "Die Zukunft der Erinnerung. Eine Wolfsburger Tagung" at the Conference on "Europabilder: Innen- und Außenansichten" organized by Kulturwissenschaftliches Institut Essen (KWI) ... Continue reading
Renault Announces Commercial Measures To Complement The Government Plan
With the automotive industry hit hard by the economic and financial crisis, the measures taken by the French government should help to revitalize activity. The bonus for replacing vehicles over ten years old, totaling 1,000 euros, will encourage the renewal of an aging vehicle population through the purchase of new, mo ... Continue reading
Hella Establishes New Trading Subsidiary In South Africa
The automotive supplier Hella KGaA Hueck & Co., Lippstadt, Germany, is creating new structures in South Africa to successfully grow its aftermarket and special original equipment (SOE) business segments. ... Continue reading
Maserati Motorsport Success Inspires New Performance Equipment For Granturismo
Maserati has used the inspiration of its motorsport success to produce a range of new motorsport themed options for the GranTurismo and Quattroporte that provide both visual and driving enhancements. ... Continue reading
The Alternative Energy Association Announces Three Point Plan to Stimulate America's Economy
PALM BEACH, Fla.--The Alternative Energy Association, Inc., a Florida-based non-profit organization has announced its Three Point Plan to stimulate the American economy, reduce our dependence on foreign oil and create millions of new jobs. The Three Point Plan focuses on three solutions which relate to fuel efficient v ... Continue reading
No Concensus on Auto Company Loans
Automobile leaders testify during the U.S. Senate Banking Committee hearing on the financial assistance package for the big Detroit automakers in Washington, December 4, 2008. From L-R are: Richard Wagoner, Chairman and CEO of General Motors, President of the United Auto Workers International Union Ron Gettelfinger, Al ... Continue reading
BMW Sales Plunge, Honda Quits Formula One, DC Update
President and Chief Executive Officer Takeo Fukui looks down during a news conference in Tokyo December 5, 2008.REUTERS/Toru Hanai FRANKFURT/TOKYO December 5, 2008Michael Shields and Alastair Himmer writing for Reuters reported that global sales at BMW, the world's top premium carmaker, plunged by a quarter in November ... Continue reading
Lancia Main Sponsor of the 9th World Summit of Nobel Peace Prize Laureates
Lancia is honoured to be the Main Sponsor of the 9th World Summit of Nobel Peace Prize Laureates to be held in Paris from 11 to 13 December at the Hotel de Ville. ... Continue reading
DR Motor Unveils New DR1 City Car at Bologna Motor Show
DR Motor, an Italian company engaged in the assembly and distribution of Chinese cars showed its new DR1 at the Bologna Motor Show. ... Continue reading
Audi Remains Exclusive Partner Of Hertha BSC
AUDI AG will continue the cooperation with Bundesliga (Federal League) club Hertha BSC beyond the 2008/2009 season. Not least, the good sporting development of the team from Germany's capital city was a factor contributing to the extension of this sponsoring commitment. The new agreement will be in effect for three yea ... Continue reading
Mitsuoka Unveils Himiko Roadster in Japan
Mitsuoka Motor, a boutique car manufacturer in Japan unveiled its latest creation, a Mazda MX-5-based classic-looking sportscar. ... Continue reading
Haters of fender benders and lovers of great automotive safety and design features will want to bookmark Volvo's new XC60 blog, that launched earlier this month. ... Continue reading
OPEC Oil Profits Plummet to Barely 4,400 Percent...WAAA! How Will They Ever Survive?
SINGAPORE - December 5, 2008: An AP report early Friday morning shows the price for light sweet crude oil for January delivery fell below $44 dollars a barrel, for the first time in about four years. If it costs under a dollar per barrel to bring the oil out of the ground, as it does for Arab oil kings, then their prof ... Continue reading
Ford Market Share Climbs Again In November
Ford's share of new car sales rose by over five percentage points in November – the second significant increase in the blue oval's slice of the market in consecutive months. ... Continue reading
Mercedes-Benz Achieves Production Milestone in Vitoria, Spain
A production milestone in Daimler AG's Vitoria plant has just been set: the 500,000th model from the current Mercedes-Benz Vito/Viano series has rolled off the assembly line. ... Continue reading
Mercedes-Benz Sprinter Races to a Fast Finish in 2008
The Mercedes-Benz Sprinter van and cab chassis range is on track for a record year of sales, and currently shows no signs of slowing before Christmas. ... Continue reading
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