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SAKHIR, Bahrain -- India is set to host a Formula One race starting in 2011. The decision was announced by governing body FIA on Thursday after a World Motor Sports...

WASHINGTON - The U.S. trade deficit unexpectedly shrank in January, reflecting a big drop in imports of oil and foreign cars. American exports also fell, a potential blow to hopes that the economic recovery will be aided this year by U.S. sales abroad. The Commerce Department said the trade deficit declined to $37.3 billion in January, a drop of 6.6 percent from a revised December deficit of $39.9 billion. Economists had been expected the deficit to widen to $41 billion. U.S. exports dipped 0.3 percent, reflecting weaker sales of a wide variety of products from civilian aircraft and machinery to agricultural products. But imports dropped by a larger 1.7 percent as both oil...

WASHINGTON - Toyota's massive recalls are prompting Congress to reconsider whether the nation's auto safety agency has lived up to its mission of protecting motorists. A House panel today planned to examine the National Highway Traffic Safety Administration's oversight of the auto industry in the latest congressional hearing linked to Toyota's recall of more than 8 million vehicles worldwide. Safety groups have accused NHTSA of being too cozy with the Japanese automaker while lacking the resources to test for vehicle problems that could be electronic, not mechanical. "NHTSA has been viewed by the...

NEW DELHI: The country's largest carmaker, Maruti Suzuki India, today said that Japanese auto giant Nissan has placed orders for 35,000 units of its small car A- Star for 2010-11 to sell in the European market. "As of now, we have a contract for three years and they have agreed to buy 35,000 units from us annually. It will be 35,000 units...

WASHINGTON - Toyota's massive recalls are prompting Congress to reconsider whether the nation's auto safety agency has lived up to its mission of protecting motorists. A House panel on Thursday planned to examine the National Highway Traffic Safety Administration's oversight of the auto industry in the latest congressional hearing linked to Toyota's recall of more than 8 million vehicles worldwide. Safety groups have accused NHTSA of being too cozy with the Japanese automaker while lacking the resources to test for vehicle problems that could be electronic, not mechanical. "NHTSA has been viewed by the motor vehicle industry for years as a lapdog, not a watchdog," Joan Claybrook, a...

WASHINGTON -- Toyota's massive recalls are bringing new scrutiny to the government's auto safety agency, prompting Congress to look at how federal safety officials have lived up to their mission of protecting motorists. A House panel on Thursday planned to examine the National Highway Traffic Safety Administration's oversight of the auto industry in the latest congressional hearing linked to Toyota's recall of more than 8 million vehicles worldwide. Safety groups have accused NHTSA of being too cozy with the Japanese automaker while lacking the resources to test for vehicle problems that could be...

Team owner Jack Roush said he is satisfied with the penalty NASCAR levied against driver Carl Edwards for his intentional accident with Brad...

NEW DELHI: Indian commercial vehicle maker Eicher Motors is in talks with Volvo Group to broaden their equal stake joint venture by tapping the Swedish truck and bus major’s global distribution network, said a top Eicher executive. “We are in discussions to tap the global distribution network of certain parts of Volvo,” said MD & CEO Siddhartha Lal,...

The gloves fit, but NASCAR did acquit. Carl Edwards' white driving gloves clearly indicated he turned right into Brad Keselowski in the closing laps of Sunday's Kobalt Tools 500, an obvious payback for earlier incidents between the two drivers, both at Atlanta as well as elsewhere. Despite being 156 laps off the pace and clearly on the track for one reason and one reason only, Edwards' reckless and dangerous reaction was met with nothing...

CHARLOTTE, N.C. -- Team owner Jack Roush said Wednesday he's satisfied with the penalty NASCAR levied against driver Carl Edwards for his intentional accident with Brad Keselowski. Edwards was in an early accident with Keselowski in Sunday's...

CHARLOTTE, N.C. – Sonic Automotive Inc. said Wednesday that it has priced...

TALLADEGA, Ala. -- Michael Waltrip will enter the Sprint Cup Series race at Talladega Superspeedway with help from a longtime sponsor....

MUMBAI: Automobile major, Ford India, plans to launch more global products in the Indian market, a top company official said. "We are going to bring more global products into the Indian market. We will look at options for Indian customers' needs out of our global stable," Ford India's Managing Director and President, Michael Boneham, told PTI here today. "We plan to launch a new car every 12-18 months, which would include small...

NEW DELHI: Carmaker Hyundai Motor India today said it has tied up with public sector lender UCO Bank for providing retail financing facilities to its customers. "We are pleased to announce this...

NEW DELHI: After Finance Minister Pranab Mukherjee altered duties on auto fuels to raise revenues, the Oil Ministry is pressing for new ways to compensate state- owned retailers for losses they suffer on selling fuel below...

 

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