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Fiat exercises option to buy more Chrysler stock, but price dispute delays sale

DETROIT - Italian automaker Fiat has exercised a third option to buy a small amount of Chrysler stock, but the sale won't go through until a U.S. court settles a dispute over the price. Fiat said Monday that it offered $254.7 million for another 3.3 per cent of Chrysler's outstanding …July 9, 2013

Spyker Sues GM Over Saab Bankruptcy

Spyker, the company that purchased the assets belonging to failed Swedish automaker Saab after General Motors elected to shutter the company, is suing the North American brand for what it calls 'sabotage.' In essence, the Dutch concern is claiming that GM made every effort to prevent Spyker from bringing in …July 8, 2013

2014 Mazda3 Sedan: First official photos

Last week, the new 2014 Mazda3 five-door hatchback was introduced. And now they’ve released the first official photos of the sedan. The car inherits the same lines as its big sister, the fully redesigned and revamped Mazda6. And that’s very good news. Just like the Mazda CX-5 and Mazda6, the …July 5, 2013

Return to Daytona could bring even bigger results for Danica Patrick

DAYTONA BEACH, Fla. - Danica Patrick made history in the season-opening Daytona 500, where she hit new milestones again and again and again. She became the first woman to earn the top starting spot in a Sprint Cup event with her pole-winning run, then became the first woman to lead …July 5, 2013

Chrysler and NHTSA Continue To Spar Over Jeep Fire Safety

The saga continues: even though Chrysler and the National Highway Traffic Safety Administration have reached an agreement regarding the recent recall argument between the two parties (over the fire safety of the Jeep Grand Cherokee and Jeep Liberty SUVs), it would seem as though the book yet to be completely …July 4, 2013

Sebastian Vettel seeks 1st F1 win on home soil amid tire safety concerns

NUERBURGRING, Germany - The Formula One championship goes to this weekend's German Grand Prix on a bankrupt circuit amid concern over tire safety and with three-time champion Sebastian Vettel seeking his first win on home soil. The race at the Nuerburgring comes a week after a chaotic British GP in …July 4, 2013

Chrysler recalling nearly half a million cars and SUVs

AUBURN HILLS, Mich. - Chrysler Group LLC says it will recall about 490,000 cars and utility vehicles worldwide because of a problem with active head restraints intended to prevent neck injuries in rear-end collisions. The carmaker said Wednesday that microcontrollers in the head restraint could be faulty and prevent the …July 4, 2013

Volkswagen Golf GTD Coming To North America

The Volkswagen Golf GTD will indeed be offered for sale in North America. The high performance turbodiesel compact hatchback had previously been shown off at auto shows and to journalists earlier this year without a firm promise that the package would make its way across the Atlantic when the next-generation …July 3, 2013

Toyota recalls 185,000 vehicles globally for power steering glitch

TOKYO - Toyota Motor Corp. is recalling 185,000 vehicles globally, mostly in Japan and Europe, for a glitch in the power steering. No accidents have been reported related to the problem. The recall covers 123,000 vehicles in Japan, including the Vitz compact, and 46,000 vehicles in Europe, including the Yaris, …July 3, 2013

Canada's Hinchcliffe will bring "tempered expectations" into Toronto Indy

TORONTO - James Hinchcliffe would love nothing more than to deliver a victory in front of his hometown crowd, but "some demons" at Toronto's IndyCar track continue to haunt the Canadian. So the race car driver from Oakville, Ont., said Canadian fans might be have to be content with his …July 3, 2013

Cadillac Pares Future Sedan Offerings To One

Confusing news from Cadillac this morning, with reports that the brand is dropping one high end luxury car from its future plans but keeping another on the front burner. The victim? According to the Automotive News, Cadillac has decided against dumping more money into an ultra-high end, Bentley-like automobile that …July 2, 2013

Honda Canada recalling 34,881 Honda Fit vehicles to fix power window switch

MARKHAM, Ont. - Honda Canada is voluntarily recalling 34,881 Fit vehicles from the 2007 and 2008 model years to replace the master power window switch. Honda says that under severe weather conditions, rainwater or other spilled liquids could enter the master power window switch on the driver's door. Over time, …July 2, 2013

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