News
- Motor racing-Malaysian Formula E race postponed at PM's request30 July 2014, 8:40 pm
"Due to other agenda commitments, the Prime Minister was unable to attend the original race date and has subsequently requested the event to be rescheduled." Formula E chief executive Alejandro Agag said Prime Minister Najib Razak had been "fundamental" to Malaysia hosting a round of the championship and the series had agreed to the postponement. Razak has been heavily involved recently in the aftermath of the downing of a Malaysian airliner over Ukraine, helping to broker a deal with separatist...
- NASCAR suspends Hamlin crew chief Grubb 6 races29 July 2014, 10:25 pm
CHARLOTTE, N.C. (AP) — NASCAR suspended Denny Hamlin's crew chief and car chief on Tuesday for six races because the Joe Gibbs Racing entry failed inspection following his third-place finish at Indianapolis Motor Speedway....
- Caterham F1 team and ex-employees in legal action29 July 2014, 5:50 pm
The Caterham Formula One team said on Tuesday they were taking legal action against former employees who have threatened to sue for alleged unfair dismissal. The counter claims come after the team was sold by Malaysian aviation entrepreneur Tony Fernandes to a mystery group of Middle Eastern and Swiss investors advised by former F1 team boss Colin Kolles. "Caterham F1 Team has read with great concern recent reports about a group of individuals who are claiming unfair dismissal from the Form...
- Motor racing-Caterham F1 team and ex-employees in legal action29 July 2014, 5:47 pm
The Caterham Formula One team said on Tuesday they were taking legal action against former employees who have threatened to sue for alleged unfair dismissal. The counter claims come after the team was sold by Malaysian aviation entrepreneur Tony Fernandes to a mystery group of Middle Eastern and Swiss investors advised by former F1 team boss Colin Kolles. "Caterham F1 Team has read with great concern recent reports about a group of individuals who are claiming unfair dismissal from the Formula O...
- Ecclestone seeks to settle German bribery case29 July 2014, 4:28 pm
By Jörn Poltz MUNICH Germany (Reuters) - Lawyers for Formula One boss Bernie Ecclestone held talks with German prosecutors on Tuesday to try to settle a bribery trial that threatens his grip on the motor sport. Ecclestone, 83, went on trial in Munich in April over allegations he bribed a former German banker as part of the sale of a major stake in the motor sport business eight years ago. Media reports said Ecclestone, who denies wrongdoing, on Tuesday offered to pay German state-owned bank Bay...
- Hamilton's statement means it's each man for himself29 July 2014, 3:11 pm
By Alan Baldwin LONDON (Reuters) - Lewis Hamilton made a mistake in Sunday's Hungarian Grand Prix and it almost cost him dear. It would also have been costly had he carried out instructions over the radio two thirds of the way through the race not to hold up German team mate and championship leader Nico Rosberg. Hamilton knew it and, ultimately, the team recognised it too....
- Analysis: Hamilton's statement means it's each man for himself29 July 2014, 2:12 pm
By Alan Baldwin LONDON (Reuters) - Lewis Hamilton made a mistake in Sunday's Hungarian Grand Prix and it almost cost him dear. It would also have been costly had he carried out instructions over the radio two thirds of the way through the race not to hold up German team mate and championship leader Nico Rosberg. Hamilton knew it and, ultimately, the team recognized it too....
- Motor racing-Hamilton's statement means it's each man for himself29 July 2014, 2:03 pm
By Alan Baldwin LONDON, July 29 (Reuters) - Lewis Hamilton made a mistake in Sunday's Hungarian Grand Prix and it almost cost him dear. It would also have been costly had he carried out instructions over the radio two thirds of the way through the race not to hold up German team mate and championship leader Nico Rosberg. Hamilton knew it and, ultimately, the team recognised it too....
- Talks held on settlement of Ecclestone German bribery case29 July 2014, 1:54 pm
By Jörn Poltz MUNICH, Germany, July 29 (Reuters) - German prosecutors held talks on Tuesday with lawyers for Formula One boss Bernie Ecclestone over a possible settlement of his bribery trial. Ecclestone, 83, went on trial in Munich in April over allegations he bribed a former German banker as part of the sale of a major stake in the motor sport business eight years ago. "Public prosecutors and the defence are discussing the possibility of an agreement," said a spokesman for the German authorit...
- No doubting Ricciardo now, says Jones28 July 2014, 12:50 pm
By Ian Ransom MELBOURNE (Reuters) - Put "baby-faced assassin" Daniel Ricciardo behind the wheel of a Mercedes and there would be no doubt he would take the Formula One title race to the wire, according to compatriot Alan Jones, Australia's last world champion. The only driver to have beaten Lewis Hamilton and Nico Rosberg to the top of the podium this campaign, Ricciardo won a dramatic Hungarian Grand Prix on Sunday to seal his second victory of the season, underlining his class w...
- Tesla's Q2 net loss widens to $62M as randd expenses soar31 July 2014, 9:39 pm
Tesla Motors said its net loss widened to $61.9 million in the second quarter, even though it assembled and delivered record numbers of Model S electric cars and recorded a 90 percent increase in revenue.... 
- Supplier exec pleads guilty to fixing Toyota parts prices31 July 2014, 9:02 pm
An executive from GS Electech, a supplier to Toyota, pleaded guilty today to playing a role in an international conspiracy to rig bids and fix prices on auto parts, the Department of Justice said....
- Superior's Q2 net income drops 21%; Ark. plant to close31 July 2014, 8:17 pm
Aluminum wheel supplier Superior Industries International said today that its second-quarter net income tumbled 21 percent from the year-earlier period to $5 million on flat sales of $199 million....
- BorgWarner net income up 9% for Q2 as engine division grows31 July 2014, 7:24 pm
BorgWarner, a supplier of turbochargers and emissions systems, reported a 9 percent increase in net income for the second quarter as its engine division grows and the European market -- which makes up about half of the company's customer base --......
- Future car colors inspired by Midwest homes, landscape, BASF says31 July 2014, 6:38 pm
Future cars and light trucks will sport more sparkling oranges and browns, soft blues and greens, and pearly whites and grays -- all inspired by the clear skies, lush lawns and warm homes found in the nation's heartland -- according to trend......
- Denso's quarterly profit falls on Japan labor costs, compact car shift31 July 2014, 6:28 pm
Denso, the Toyota-affiliated auto supplier, posted a 16.7 percent drop in April-June quarterly operating profit from a year earlier as domestic labor costs rose and as automakers sold more compact cars in Japan that tend to be less profitable....
- GM missed red flag from rental car firms on fatal crashes31 July 2014, 5:23 pm
More than seven years before GM began the biggest wave of auto recalls in history, an investigator for Vanguard Car Rental contacted the carmaker about a fatal rollover crash in California. Vanguard wasn't alone....
- Delphi reports strong Q2 profit, but next quarter may disappoint31 July 2014, 4:36 pm
Delphi Automotive Plc today reported stronger-than-expected second-quarter profits, but offered a lower forecast for the third quarter....
- Mazda, Subaru profit from strong U.S. sales amid downturn in Japan31 July 2014, 3:43 pm
Japanese automakers Mazda and Subaru parent company Fuji Heavy Industries said they are on track for record full-year profits after strong sales in the United States powered double-digit profit growth in the April-June quarter....
- VW profit falls in Q2 amid emerging-market troubles31 July 2014, 10:38 am
Volkswagen said operating profit declined 3.1 percent in the second quarter as U.S. sales fell and emerging-market volatility weighed on earnings....
