Industry - automotive latest news

PHILADELPHIA, PA (MARKET WIRE) Rain or shine the people of Philadelphia (and even Mayor Nutter) proved that when it comes to cheering on their favorite team even a tropical storm won't keep them away. From a Giant Pink high heel with wings to a fire hydrant complete with a peeing dog, thirty-four teams swiveled and stumbled their way down the steepest course in Red Bull Soapbox history. It was Swampscott, MA, team Deuces Wild that clinched first place, at 44.7 seconds, with their tricked out baby carriage. Although the booties, bonnets and baby made the soapbox, it was the Michael Jackson impersonator stealing and pushing

British car maker Aston Martin is hoping for bigger sales in emerging markets, with the Middle East as key target, to offset current weakness in the UK and United States market, Reuters has reported. Aston Martin is looking for a bigger market share in the Middle East as it has recently launched a partnership with Denmark's Bang & Olufsen, which has put its luxury stereos into new models. The firm sells around 300 cars a year in the region.

CALCUTTA, India -- Protests that halted production at a plant in India building the world's cheapest car were called off after the local government promised Sunday to compensate angry farmers.

McLaren's Lewis Hamilton, poised and controlled throughout the race, took Ferrari's Kimi Raikkonen on the second last lap of the Belgian Formula 1 GP as rain came down - but then the stewards stepped in and took away his win.

Sometime in the future car buffs are going to look back and say 2008 was the year when Cadillac finally got it right. They might even speak in hushed tones about the legendary CTS...

I almost forgot to do this week's Comment of the Week! Here it is, and it's from lwatcdr in response to Ford, Lincoln, Mercury: What's new for 2009: So is Ford...

Auto industry allies hope to secure up to $50 billion in government loans this month that would pay to modernize plants and build more fuel-efficient vehicles.

Boulder police are hot on the tail of four suspects who are sought in the investigation of a particularly offensive auto repair scam. We first told you about the...

Formula 1 has been plunged into new controversy by the race stewards at the Belgian GP stripping McLaren's Lewis Hamilton of a brilliant victory.

Auto industry allies hope to secure up to $50 billion in government loans this month that would pay to modernize plants and build more fuel-efficient vehicles.