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As Tata's acquisition of Jaguar and Land Rover inches closer to completion, an anonymous source inside the Indian automaker has revealed that the company has secured a $3 billion loan in order to finally finance the take-over. The loan is reported to come from the banks of Citigroup and JPMorgan, a......

Daimler will take the next two years to decide whether to invest more in its failing Maybach flagship marque or else shut it down. This comes from the mouth of Daimler and Mercedes chief Dr. Dieter Zetsche, who inherited the problem-child brand from his predecessor, ex-CEO Juergen Schrempp. After di......

Back in 2006, Toyota was the first non-American company to crack Fortune's list as one of the Most Admired Companies in America by coming in at number nine. A year later, they jumped up to number three on the list. This year, they remain on the list at the fifth position, despite posting huge sales......

Click above for a high-res gallery of the Pininfarina Sintesi concept.Pininfarina has been in poor financial health for the last few years. The coachbuilding and design house's P&L sheet has been coated in red ink, with a 114.9 million euro loss last year and debt that's grown to 185.4 million e......

The fallout from the Indy Car/Champ Car merger has begun to rear its ugly head. First, superpower team Forsythe Racing announced its departure from the scene. and now Champ Car has officially filed for bankruptcy. The disruption of the scheduled 2008 Champ Car season leaves contracts broken and bill......

United States auto sales during the month of February were less than stellar for the mass majority of automakers. Low numbers in the largest world market have never made for good news, but America's neighbors to the north helped pick up a little of the slack. While car salesmen stateside were busy o......

After thirteen years in Champ Cars, Forsythe Championship Racing has been forced to withdraw from top-level open-wheel motorsports. The unfortunate development comes as an indirect result of the series' merger with the Indy Racing League, which Jerry Forsythe, co-owner of the Champ Car World Series......

Ford Chairman Bill Ford hasn't been compensated for working at his great grandfather's company since May 2005, and he doesn't intend to cash in until the Blue Oval makes a sustained profit. Ford's board of directors decided that nearly three years was too long to work pro bono and tried to pay the F......

Automotive research site Edmunds.com has taken a cue from the popularity of fantasy sports and applied it to what the site knows best: car sales. It has created what it calls the Car Stock Exchange, or CSX – an online game where members can buy and sell stock in upcoming automobiles, which is valu......

For years, automakers have attempted to shift production of components and cars from the U.S. to so-called low cost countries, typically in Asia. China and India have been particular beneficiaries of these efforts. Things, however, now seem to be changing. During a dinner at the LA Auto Show70% jump......