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Talks between Chrysler LLC owner Cerberus Capital management LP and suitors for the automaker are progressing at a rapid clip, say people familiar with the discussions. But with credit markets still reeling from the banking crisis, a deal may hinge on state and federal authorities' willingness to aid the struggling U.S. auto industry.

TOKYO -- Toyota Motor Corp. says its global sales in the July-September quarter fell for the first time in seven years due to faltering demand in the U.S.

TOKYO -- Global vehicle production by Toyota Motor Corp. and Nissan Motor Co. declined in September due to a prolonged slump in the U.S. auto market amid growing recession fears, according to data released Monday.

VICTORVILLE, Calif. - A souped-up Chevy Tahoe sports utility vehicle was declared the winner of a robot car race earlier this month after it traveled without help from humans for six hours and 60 miles around a California ghost town.

LANDOVER, Md. - The roars bounced off the walls of FedEx Field, home of the Washington Redskins football team. But the noise wasn't coming from the field, it emanated from the stadium's parking lots, where orange cones were used to set up two race courses.

Much about today's test car, the 2008 Volvo C30 2.0, is distinctly unlike Volvo, or at least the image many people have of the Swedish automaker's products. For example, consider its nifty teardrop aerodynamic shape, rugged rocker panels, and over-the-fenders muscularity. And then there's the fact that it is a small hatchback meant to run with the small European and Asian cars popular with young drivers and older enthusiasts.

Twelve years after Andy Green OBE and Thrust SSC scythed through the sound barrier on their way to the current World Land Speed record of 763.053 mph, Green and former record-holder, Richard Noble OBE, are preparing to write the latest chapter in the history of World Land Speed Record attempts, with a 1,000mph bid.

The Leicestershire, UK based innovation company, Pera, has been awarded the contract to deliver the Motorsport Academy on behalf of Motorsport Development UK, the British Government funded business and economic development programme for the UK's motorsport sector.

FRANKFURT, Germany -- Shares of Volkswagen AG soared nearly 80 percent on Monday, bolstered by Porsche's announcement of plans to lift its stake in the automaker to 75 percent by 2009.

This was another one of those test drives about which I debated what would be the best approach to take. The 911 Carrera and 911 Carrera S see a host...