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General Motors of Canada suffered a 46.6 per cent decline in January sales from a year earlier, pacing an overall slump of 25.3 per cent in the industry. Chrysler sales skidded 33.7 per cent compared with January 2008, and Ford was down 14.2 per cent. Industry figures compiled Tuesday show …

Usually bearing the brunt of vehicular restrictions, Canadians will have a pleasant surprise in the 2009 model year, as Canada and Puerto Rico will be the only two countries to receive the 2009 Lancer Evolution. Due to a gratuitously late launch in 2008, Mitsubishi’s US branch currently has a large …

Although it may have debuted in Michigan, it would appear that Audi is not sold on the idea of importing their new V10-powered R8 to North America. Going on sale in the second quarter in its native Germany, Audi was tight-lipped about the release of the R8 V10 5.2 FSI …

Auto sales in Japan sank to a 37-year low in January as worried consumers held off on big buys, an industry group said Monday. Some 174,281 vehicles were sold for the month, a plunge of 27.9 per cent from a year earlier and the biggest fall on record for January …

A provision in the federal budget could allow banks to enter the auto leasing market, a move that advocates say would benefit consumers by ending the 'oligopoly' that currently exists. As credit markets tightened up amid the global financial crisis last year, it became increasingly difficult for consumers to lease …

After setting the world on fire with its unparalleled level of performance for a ridiculously low price tag, Nissan’s supercomputer/car, the GTR, has rocked the sports car world to its very core. Having appeared in countless blogs, websites, and forums, debate about the GTR’s performance rages on, with differing opinions …

With just two weeks left before the arrival of their US government-mandated deadline, GM has obviously begun to set about the business of proving the long-term viability of their business. And not surprisingly, that means trimming a lot of fat. With the announcement that they’ve already stopped production of the …

Despite measures in the federal budget to help free up financing for businesses and consumers, one auto industry analyst predicts 500 car dealerships across Canada will close over the next five years and the auto supply sector will shrink substantially as well. ``GM, Ford and Chrysler are highly over-dealered,'' Dennis …

Ford Motor Co. said Thursday it lost US$5.9 billion in the fourth quarter as auto sales slumped, but it has no plans to seek federal aid unless economic conditions worsen. The second-largest U.S. automaker said it burned through $5.5 billion in the quarter, less than the $7.7 billion it used …

With automakers facing the darkest days in recent memory, it’s become commonplace to have yet another press release come down the wire outlining plans for plant slow-downs, shift closures, and production halts. None of the Big 3 have been spared from resorting to these ominous tactic to staunch the bleeding, …