Automotive Industry News
Auto Market
North American slump hurts Magna Q2 profits
Canadian auto supplier Magna International Inc. said today that it posted lower net income and sales for the second quarter as its North American customers slashed production.

Ford
2009 Ford Edge to include blind-spot mirror
Ford Motor Co. said today the 2009 Ford Edge crossover will go on sale this fall with a blind-spot mirror that will be standard for the upcoming model year -- a year earlier than planned.

Auto Market
Carmax delays store openings, cuts inventory
Carmax Inc., the largest U.S. retailer of used cars, said on Wednesday it would delay the planned openings of several stores due to a sharp drop in vehicle sales in the past months amid record gas prices.

Tesla
Tesla hires Ford veteran as CFO; hires Mazda designer
Upstart electric sports car maker Tesla Motors has hired another executive away from the Detroit 3, naming 15-year Ford veteran Deepak Ahuja as CFO.

Hybrid
Obama proposes $7K credit for fuel-efficient cars
Barack Obama proposed tapping the strategic oil reserve on Monday to help lower gas prices, reversing an earlier stance, and called rival John McCain a tool of big oil companies.

Nissan
Nissan Motor unveils new prototype electric car
Nissan Motor Co. unveiled a new prototype electric vehicle Wednesday with batteries twice as powerful as conventional technology, aiming to take a lead in zero-emission cars.

Proton
Malaysia's Proton develops new hybrid car
Malaysia's state-owned carmaker Proton is developing a new, fuel-efficient hybrid car to beat rising costs and address environmental concerns.

Ford
Ford US sales slid 15 percent in July
Ford Motor Co. said Friday its US sales slid 14.9 percent in July compared with a year ago as sport-utility vehicles (SUVs) and truck sales slumped amid high fuel prices.

Toyota
Toyota unveils next-generation scooter
Japan's Toyota Motor on Friday unveiled the Winglet -- a new two-wheel electric scooter to rival the Segway.

General Motors
GM loses $15.5 bln in second quarter
General Motors posted a whopping 15.5-billion-dollar net loss in the second quarter as the US auto giant took hefty restructuring charges and US sales skidded.


Latest Pictures


Arnold Schwarzenegger in Dodge Challenger SRT8
Arnold_Schwarzenegger_in_Dodge_Challenger_SRT8.jpg

by: AutoXpert

Description: Arnold Schwarzenegger in Dodge Challenger SRT8
Citroen 2CV Concept
Citroen_2CV_Concept_005_autotalk_com_.jpg

by: AutoXpert

Description: Citroen 2CV Concept

AutoTalk Polls

2008 North American Car of the Year
 
2008 North American Truck of the Year