International Business News - Car http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Hawaii has unveiled plans to be first in the nation to roll out electric car stations statewide--a move the governor hailed as a major step toward weaning the islands off oil. http://www.ibtimes.com/articles/20081203/hawaii-to-be-1st-state-with-electric-car-stations.htm Wed, 03 Dec 2008 09:34:20 EST NASCAR team owner Ray Evernham has bought a small North Carolina dirt track to preserve what he said is a disappearing venue for nourishing up-and-coming drivers. http://www.ibtimes.com/articles/20081202/nascars-ray-evernham-buys-small-nc-dirt-track.htm Tue, 02 Dec 2008 15:59:18 EST Spain's car manufacturers on Monday reported a 50 percent drop in sales in November compared to the same period a year ago, the second worst annual drop on record and the latest sign of the country's sharply weakening economy. http://www.ibtimes.com/articles/20081201/spains-car-sales-halved-in-nov-from-year-ago.htm Mon, 01 Dec 2008 07:15:28 EST No customer voices competed with the harmony of "Silly Love Songs" flowing from the showroom speakers at Danville Chrysler Dodge Jeep. A competitor's blue-cross emblem beckoned through the windows from the dealership across the street. But Dugan Chevrolet Pontiac didn't see many customers on that lazy afternoon either. http://www.ibtimes.com/articles/20081130/neighborly-ind-car-dealers-face-troubles-together.htm Sun, 30 Nov 2008 14:31:28 EST Times are tough for big automakers trying to stay afloat in a cantankerous economy, but Wayne Alexander has his hands full keeping up with demand for his cars. http://www.ibtimes.com/articles/20081128/business-revs-up-for-electric-car-conversions.htm Fri, 28 Nov 2008 15:51:46 EST Red Bull gained full ownership of Toro Rosso on Tuesday after buying Berger Motorsport's stake in the Formula One team. Red Bull, led by Austrian billionaire Dietrich Mateschitz, acquired the 50 percent stake controlled by Gerhard Berger in a deal still pending approval by regulatory authorities. http://www.ibtimes.com/articles/20081125/red-bull-buys-full-stake-in-toro-rosso.htm Tue, 25 Nov 2008 15:35:10 EST Avis Budget Group Inc. said Monday it will raise some of its car rental rates as it grapples with rising business costs. Shares rose sharply in morning trading, surging 14 cents, or 37 percent, to 52 cents. http://www.ibtimes.com/articles/20081124/avis-to-raise-car-rental-rates-amid-rising-costs.htm Mon, 24 Nov 2008 11:01:26 EST Cash-strapped General Motors insists declaring bankruptcy would be disastrous because it would scare away customers. It's unlikely Chevrolet and Cadillac owners would be left with worthless warranties and no replacement parts, but the headlines about the Detroit Three's dire situation may already be keeping buyers away. http://www.ibtimes.com/articles/20081123/consumers-cautious-about-effect-of-auto-bankruptcy.htm Sun, 23 Nov 2008 16:54:28 EST One of Minnesota's largest car dealers is closing six of dealerships and selling three others. WCCO-TV reports that 400 employees of the Denny Hecker Automotive Group in the Twin Cities are going to be out of a job. http://www.ibtimes.com/articles/20081122/minn-car-dealer-closing-6-dealerships.htm Sat, 22 Nov 2008 00:34:56 EST Sometimes it pays to have your heart broken. An 18-year-old who was among some 3,000 teens turned away from an autograph session with "Twilight" star Robert Pattinson when the crowd at a San Francisco mall grew unruly was surprised during a Thursday taping of "The Tyra Banks Show"--by Pattinson himself. http://www.ibtimes.com/data/articleimgs/179617-film-twilight.jpg http://www.ibtimes.com/articles/20081121/teen-wins-twilight-car-on-tyra-banks-show.htm http://www.ibtimes.com/articles/20081121/teen-wins-twilight-car-on-tyra-banks-show.htm Fri, 21 Nov 2008 11:58:54 EST The European Union's competition chief said Friday that Germany and France should avoid entering a global "subsidy race" to bail out the ailing car industry. http://www.ibtimes.com/articles/20081121/eu-competition-chief-avoid-car-subsidy-race.htm Fri, 21 Nov 2008 09:17:21 EST A $1 billion network of electric car recharging stations will dot San Francisco Bay area highways under a plan unveiled Thursday that aims to greatly expand the number of electric vehicles on the road. http://www.ibtimes.com/articles/20081120/sf-bay-leaders-plan-1b-for-electric-car-stations.htm Thu, 20 Nov 2008 17:23:11 EST Green Car Journal named Volkswagen's 2009 Jetta TDI as the "Green Car of the Year" at the Los Angeles Auto Show on Thursday, making it the first clean-diesel vehicle to win the prize. http://www.ibtimes.com/data/articleimgs/178863-auto-show-green-car.jpg http://www.ibtimes.com/articles/20081120/magazine-names-jetta-tdi-green-car-of-the-year.htm http://www.ibtimes.com/articles/20081120/magazine-names-jetta-tdi-green-car-of-the-year.htm Thu, 20 Nov 2008 13:41:49 EST Standard & Poor's said late Wednesday that it will make multiple changes to both its S&P MidCap 400 and S&P SmallCap 600 indices after the market closes Friday. http://www.ibtimes.com/articles/20081120/s-p-adds-new-companies-to-midcap-smallcap-indices.htm Thu, 20 Nov 2008 07:17:36 EST A man whose car slid off a snowy road and into a 12-foot-deep pond saved the two sons he had been driving home but could not save himself, police said. http://www.ibtimes.com/articles/20081119/upstate-ny-dad-drowns-saving-2-sons-after-crash.htm Wed, 19 Nov 2008 19:13:59 EST The Romanian government will suspend a tax on new cars to protect jobs in the auto industry, which has been hit by the world economic crisis, Prime Minister Calin Popescu Tariceanu said Wednesday. http://www.ibtimes.com/articles/20081119/romania-suspends-tax-on-new-cars.htm Wed, 19 Nov 2008 11:05:31 EST Hall of Fame Racing, the NASCAR team owned by Arizona Diamondbacks executives, will cut its staff even if it secures sponsorship to run a full 2009 season. http://www.ibtimes.com/articles/20081119/more-nascar-teams-reducing-staff.htm Wed, 19 Nov 2008 10:25:48 EST The European Union's industry chief said Wednesday that "extraordinary measures" are justified to keep car maker Adam Opel GmbH in business and shore up the entire car industry, blaming problems on U.S. car companies and the U.S.-spawned financial crisis. http://www.ibtimes.com/articles/20081119/eu-official-help-justified-for-opel-industry.htm Wed, 19 Nov 2008 11:16:56 EST Among the stock activity stories for Tuesday, Nov. 18, from AP Financial News: NEW YORK (AP)--Avis Budget Group Inc.'s stock continued its decline Tuesday as investors worried that the rental car company will fail to meet its debt obligations. http://www.ibtimes.com/articles/20081118/movers-roundup-avis-boeing.htm Tue, 18 Nov 2008 18:13:49 EST Avis Budget Group Inc.'s stock continued its decline Tuesday as investors worried that the rental car company will fail to meet its debt obligations. Avis shares dropped 23 cents, or 27.1 percent, to close at 62 cents. They touched an all-time low of 55 cents earlier in the session. http://www.ibtimes.com/articles/20081118/avis-budget-shares-tumble-on-ongoing-debt-concerns.htm Tue, 18 Nov 2008 20:03:35 EST