Oil sets record near $128; pump price at high, too
Oil prices shot to new highs again Friday as traders, unimpressed by U.S. and Saudi efforts to boost supply, kept buying on the belief that prices had more room to … Read More
An Inside Look at Motorsports
Oil prices shot to new highs again Friday as traders, unimpressed by U.S. and Saudi efforts to boost supply, kept buying on the belief that prices had more room to … Read More
While debate continues over whether the U.S. economy is in a recession, General Motors Corp. President Fritz Henderson said today that there’s no question the U.S. auto industry is in … Read More
U.S. light vehicle sales fell 6.9% to about 1.25 million sales in April from a year ago, hitting Detroit's automakers hard, as the pinch of $3.60-a-gallon gas combined with a … Read More
Ferrari California Ferrari The first official photographs have been published of the Ferrari California, the latest addition to the new generation of Ferraris launched in 2004 with the 612 Scaglietti … Read More
Breaks 8-minute barrier, fastest documented lap time for a production sedan Cadillac CTS-V In testing this morning at Germany's Nurburgring, Cadillac's upcoming new 2009 CTS-V completed a lap of the … Read More
General Motors Corp. today said it would give American Axle & Manufacturing Inc. as much as $200 million to help its resolve the UAW's strike at the Detroit-based supplier. In … Read More
[Editor's Note: Turbo and Supercharged engines are becoming more common on passenger vehicles, largely because they are superior to normally aspirated engines…..so the rumors that the IRL's next car might … Read More
General Motors has told its dealers it has suspended production of some 2008 full-sized trucks and SUVs because of the American Axle & Manufacturing Holdings strike. The vehicles: — GMC … Read More
Democratic presidential candidate Barack Obama didn't mince words when he described his first driving experience. "The car I learned to drive on was my grandfather's Ford Granada. … It may … Read More
Oil futures blasted to a new record over $122 a barrel Tuesday, gaining momentum as investors bought on a forecast of much higher prices and on any news hinting at … Read More
Members of a United Auto Workers union local went on strike at General Motors Corp.’s Fairfax facility — hitting the plant that makes GM’s popular Malibu sedan. During talks over … Read More
Ford Motor Co. isn't about to sell its Volvo car subsidiary, a senior company official said Friday, brushing off a suggestion by Jerry York, a representative of the Dearborn automaker's … Read More
Audi of America, Inc. announced today sales for the month of April totaling 7,730, a decrease of 4.6% from last year’s record figures. Audi Certified Pre-Owned (CPO) sales continued their … Read More
For years, the American auto industry had it both ways. It was the biggest player in the game and it made money consistently. Not anymore. General Motors Corp. lost $3.3 … Read More
General Motors Corp. on Wednesday provided further proof that the company's painful downsizing in the United States isn't over, posting a first quarter loss of $3.25 billion, the third-straight quarterly … Read More
Luxury automaker BMW AG said Tuesday that its first-quarter profit fell 17 per cent because of a one-time charge taken to better insulate the company from lower used-car prices and … Read More
Daimler AG indicates that Chrysler LLC lost about $6.8 billion primarily in the last five months of 2007 under international accounting standards, wiping out two-thirds of the value of Chrysler, … Read More
Chrysler LLC's top spokesman, David Barnas, is leaving the Auburn Hills automaker to take an executive position at a Saginaw-based spinoff of Delphi Corp. Barnas, who will step down Friday, … Read More
General Motors Corp. today announced financial results for the first quarter of 2008, marked by improved adjusted automotive operating performance, rapid growth in emerging markets, continued cost performance in GM … Read More
BP and Royal Dutch Shell have reported massive increases in profits for the first three months of this year on the back of rocketing petrol prices, which are expected to … Read More
Charles Kigar doesn’t think twice when he has a choice of buying a gallon of conventional gasoline or a gallon of gas that contains ethanol at the same price. He … Read More
General Motors Corp. boosted CEO Rick Wagoner's total compensation by 40 percent to $14.4 million in 2007, a year in which the automaker lost money for a third straight year … Read More
Honda's net profit in the January-March quarter plunged 86 percent compared with the same period a year ago because of a one-time corporate tax levied on its Chinese joint venture, … Read More
Goodyear Tire & Rubber Co . swung to a profit in the first quarter by focusing on higher-priced tires and international markets. The results from the biggest U.S.-based tiremaker beat … Read More
The 2009 Chevrolet Corvette ZR1's supercharged V-8 officially produces 638-horsepower, General Motors Corp. executives announced today. GM completed SAE certification of the ZR1's 6.2-liter LS9 engine and released the results … Read More