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Saab creditors seek over $3.6 million with collection agency

A group of 48 creditors who are owned money by Saab have turned to the Swedish collection agency Kronofogden to gather monies amounting to a sum of over $3.6 million US dollars and if this group is successful, it could force Saab to declare bankruptcy.
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By: Patrick Rall

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Whew! Exclusive Cali race track on track to open fast

The members-only Thermal Motorsports Track & Club in southern California has received approval from the Riverside County Board of Supervisors to break ground on a new race track that will open by the first quarter of 2012. The board's approval was the last step needed by the luxury racing club to begin construction.
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By: Hawke Fracassa

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The 2013 Dodge Caliber to be unveiled at 2012 Detroit Auto Show

Even though American models like the Ford Focus and Chevy Cruze are flourishing in the US market, the Dodge Caliber has never received a great deal of respect – a problem Chrysler hopes to fix that when they unveil the next generation of the Caliber at the 2012 North American International Auto Show in Detroit.
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By: Patrick Rall

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Ford Motor Company (NYSE: F) stock still sliding lower

Despite an April sales report that showed an increase of 16 percent versus a year ago and year-to-date sales up 16 percent, Ford Motor Company (NYSE: F) stock has since trended with lower lows and lower highs.
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By: Frank Sherosky

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Porsche recalls 2010-2011 911 models with center locking hubs

The National Highway Traffic Safety Administration has announced a recall of various 2010 and 2011 Porsche 911 models equipped with the race style center locking hub assembly due to early wear possibly causing the lugnut to work loose and release the wheel.
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By: Patrick Rall

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Ford releases its annual sustainability report

Ford presented the public with its 12th-annual sustainability report yesterday, addressing its plans to reduce CO2 emissions and water usage in the future, as well as improve passenger safety.
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By: Gordon Block

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GM stock breaks to new low, the 6th in past 11 days

Since the IPO of the new General Motors Company (NYSE: GM), the stock has not only failed to meet investor and analysts expectations, but has been increasing its pace of making new lows ever since. The low of $28.29 from a few days ago was challenged today and broken one hour before the close. Market Close Update: GM's new low is $28.16 with the daily close at $28.57.
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By: Frank Sherosky

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Chrysler recalls 2011 Dodge, Jeep, Chrysler models for safety system risks

The folks from the Chrysler Group and the National Highway Traffic Safety Administration have announced of a wide variety of 2011 model year vehicles from the Chrysler Group, affecting 12 vehicles across the Chrysler, Jeep and Dodge brands.
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By: Patrick Rall

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The Ford Mustang plant could be in trouble

Since the introduction of the S197 platform Ford Mustang in 2005, the legendary pony car has been built at the Auto Alliance plant which Ford shares with Mazda but with the news that Mazda is planning to move out in the near future, some analysts believe that the Mustang alone does not move enough units to keep the Flat Rock production facility up and running.
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By: Patrick Rall

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Mazda to recall a half million Mazda3 for wiper risks

Mazda Motor Corp has announced that they will be recalling almost a half million of their popular Mazda3 sedan and 5-door over an electrical issue that could cause the windshield wipers to not work properly.
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By: Patrick Rall

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