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Tracinda Corp, led by billionaire investor Kirk Kerkorian, has sold another 26.4 million shares of Ford stock according to a new SEC filing. The shares were sold between October 21-28 at an average price of $2.01 per share, a drop of more than 20% over the smaller liquidation made last week...

Infighting with new owner Porsche has led many to fret over Volkswagen's future, but company officials insist the struggles are being blown out of proportion, just today releasing a statement of cooperation that appears to have put the fighting to an end. Whatever the case, the stock markets are...

The feud that started up between the two German companies since Porsche purchased a controlling interest in Volkswagen last month has met what appears to be an end in the aligned leadership of both companies and the Porsche and Piëch families declaring, "We stand united behind all decisions." The...

Brazil is a burgeoning automotive market, home to both intensely rural and highly evolved metropolitan environments. The unique influence of this setting has brought about an appropriately unique concept called the FCC II - a sort of buggy/roadster mashup with a helping of ecological consideration...

Techart is well known in the aftermarket tuner scene for creating some of the best functional aerokits for Porsche cars, so it comes as little surprise that there has been plenty of interest in the German tuner’s latest kit designed for the facelifted 911 range. The pieces are constructed...

Chevrolet has revealed the all-new GPiX crossover coupe concept at the 25th edition of the Sao Paulo International Auto Show in Brazil today, which the carmaker claims is a preview of a future production model designed specifically for the South American market. The concept vehicle was developed by...

Renault has taken the covers off a new concept car at the Sao Paolo Auto Show in Brazil. The new concept is the Sand’ Up buggy and is loosely based on the French carmaker’s Sandero line of budget cars. In Brazil the Sandero is known as the Stepway and it is set to be updated, with...

It's been known for some time that Toyota is very interested in competing in LeMans, sending squads of racing engineers and observers to the races both in Europe and the American series. Last week word has broke that Toyota may be considering a switch from the costly and thankless world of Formula...

This year's Dakar Rally was at first delayed, then relocated to South America due to terrorist threat. The first-ever iteration of the historic race to take place in South America, it will start in Buenos Aires January 3, 2009, and Volkswagen will be at the line with its new Race Touareg 2, built...

Modified Mercedes-Benzes are far from uncommon,and the methods applied are likewise becoming rote: big, flashy wheels, a new, agressive body kit and, of course, more power. Lorinser sticks with this tried and true formula and ends up with something not to far from the manufacturer's specifications...

Modifications for Nissan's GT-R are notoriously difficult to make successful, in part because the car is already at a very high level of performance, and in part because Nissan chose to lock down the car's computer in so many ways. The appearance side of modifications for the car is wide-open...

General Motors will temporarily suspend matching payments into its employees’ 401(k) accounts as it struggles to raise liquid cash. The suspension of matching contributions will come into effect on November 1 this year, and will affect GM's entire North American workforce. Additionally, GM is...

A report over the weekend has linked talks between BMW and Ford to a potential sale of the Volvo brand. Despite consistent denials by Ford that it is shopping Volvo around, the rumors of such talks continue to crop up every few months. The strain of the current weak economy could be raising the...

One of the most highly modified Pontiacs at next month’s SEMA Auto Show won’t be an official General Motors offering but the car should serve as a major endorsement for the ailing carmaker and could even boost interest in the tuning scene for one of its top models. The car is a fully...

Despite the economic reality that smaller cars may end up costing their owners as much as larger cars, the small and mid-size segment is an incredibly important volume leader, and the Chevrolet Cruze is shaping up to be General Motors' prime entrant. As the Cruze progresses through its lifecycle...

Savings at the pump may be a false economy for small cars, as higher insurance costs offset the financial benefits of higher fuel efficiency. For many popular models, the difference in insurance costs can exceed $500, wiping out the savings of a car that gets 35mpg on average over one that gets...

Earlier we reported on Volkswagen's new Car-2-Car communications system, which is being developed by a consortium of various European manufacturers, including BMW, Daimler, Renault, Fiat and Audi. BMW has now revealed that it could use the technology in its future vehicles, however stressed that...

General Motors is drastically cutting costs as it tries to ride out the current auto market slump, which is expected to ease by around 2010. The ailing carmaker is burning through approximately $1 billion in cash per month, a figure that it is hoping to reduce by downsizing its workforce, reducing...

Volkswagen is claiming to have reached an automotive milestone today as tests begin on its Car-2-Car communications system. The system aims to increase the levels of communications between cars of all makes and models eventually, and to hopefully improve road safety. The enlistment of a number of...

Chrysler has announced that it will discontinue its Chrysler Aspen and Dodge Durango full-size hybrid SUVs less than a year after first revealing them and only two months into their full-scale production. The main reason behind the move is the closing of the Delaware plant where they are made...