Will healthcare costs bankrupt GM?
General Motors Corp. and the United Auto Workers union appear headed for a historic clash as spiraling health care costs seemingly threaten the very survival of the world's largest carmaker. … Read More
An Inside Look at Motorsports
General Motors Corp. and the United Auto Workers union appear headed for a historic clash as spiraling health care costs seemingly threaten the very survival of the world's largest carmaker. … Read More
There are some interesting reports doing the rounds that DaimlerChrysler shareholders are being approached by private equity firms seeking to buy the company and break it up into different companies. … Read More
From ISC's last quarterly report – The Company recently reached settlement with the CART Liquidation Trust ("the Trust") that allows a claim in ISC's favor of $2.0 million in the … Read More
General Motors Corp. shares fell again Monday as another Wall Street analyst advised investors to start selling GM stock amid expectations the automaker would be lowered to junk-bond status and … Read More
UPDATE Homestead is still waiting for FAA approval for the installation of lights at the Speedway. They are hoping for it soon. 03/06/05 Homestead-Miami Speedway is looking to go under … Read More
The racing industry take note. Want higher TV ratings? Encourage gambling on your sport by race fans. Sports business expert David M. Carter said a reason auto racing faces several … Read More
There is speculation in the German media that Fiat Auto may have found a savior in the Shanghai Automotive Industry Corporation, the Chinese car company which is in the process … Read More
Not to be outdone by ESPN and ESPN2 with their simulcast of the IRL race from Homestead on Sunday,, and buoyed by record ratings in February, SPEED Channel plans for … Read More
UPDATE FORBES.com reports that Sirius Satellite Radio CEO Mel Karmazin today “scoffed" at the N.Y. Post’s report that the company has been talking to XM Satellite Radio about a merger. … Read More
To take advantage of the weak US dollar, U.S. automakers plan to step up European sales of cars built in North America as a way to take advantage of the … Read More
A General Motors review of its Saab subsidiary could lead to the upmarket car brand being axed, if the heavy investment required to revive it is deemed unjustified. GM executives … Read More
"I am, to be honest, deathly afraid to establish business overseas. And, I am kind of afraid not to," said Robert Peuterbaugh, who has been running his family's toolmaking business, … Read More
UPDATE This rumor is upgraded to 'fact.' AUDI AG announced today that it has reached an agreement for the sale of COSWORTH TECHNOLOGY LIMITED to MAHLE GmbH, a leading German … Read More
(GMM) The largest European carmaker not involved with Formula One, Volkswagen, may be considering a change of name. The Wolfsburg-based brand, though, denied the media speculation, the press office insisting … Read More
UPDATE This rumor is upgraded to 'fact' today. While we were asked not to report it as 'fact' when this rumor first went up Autosport now is reporting this as … Read More
UPDATE #3 A Sprint and Nextel merger announced Wednesday morning won't change the name of NASCAR's Nextel Cup in 2005, but Gary D. Forsee, the president and CEO of the … Read More
UPDATE #2 This rumor is upgraded to 'fact' today. See hot news item. 12/14/04 The Daytona Beach News Journal reported today that a former NASCAR executive (also Trans Am) and … Read More
Chris Economaki reports in NSSN that Rupert Murdoch, who heads Fox Entertainment, has said he would like to start a new cable TV network to compete with ESPN. Insiders say … Read More
Ford Motor Co. is dismissing as speculation British newspaper reports that company president Nick Scheele, 60, will retire before the year is out. The Sunday Times of London cited industry … Read More
We have it on good word that Chip Ganassi's bid for Cosworth has been rejected by Ford. In fact our sources tell us after he was rejected the first time, … Read More
UPDATE Auto racing, it turns out, is not a business the state wants to run. Just 17 months after resuming control of the money-losing Milwaukee Mile, the State Fair Park … Read More
UPDATE Canada's Competition Bureau said Wednesday it has no objection to the proposal to merge brewers Molson Inc. of Montreal and Adolph Coors Co. of Golden, Colo. A spokesman said … Read More