Chevy to quit after 2005.
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The Indy Racing League may be about to become a two-horse Japanese marque race, following the surprise announcement that third engine supplier Chevrolet intends to quit the series at the end of next season.
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Ford said on Friday its Jaguar Formula  One team would pull out of the sport at the end of the 2004  season and its Cosworth engine company was also up for sale.
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General Motors Corp. plans to reduce its U.S. work force by about 7 percent for a fourth consecutive year in 2005, chairman and chief executive Rick Wagoner said.
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Auto racing Anheuser-Busch will end its title sponsorship of NASCAR's No. 2 series after the 2007 season. The parent company for Busch beer cited the desire to reassess all of its NASCAR marketing as its reason for pulling out of the Busch Series. The company just celebrated its 25th season as title sponsor. The decision, confirmed by series officials yesterday, ...
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Two-time NASCAR champion Terry Labonte will race a limited schedule in 2005 and 2006, joining the growing list of veteran drivers slowly easing out of racing.
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General Motors Corp. GM.N on   Wednesday said it would offer a powertrain warranty of up to   100,000 miles or five years on all of its 2007 models,   including those that have already been sold.
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END OF AN ERA: General Motors Corp. plans to close the 69-year-old Broening Highway auto assembly plant in Baltimore. It most recently manufactured two lines of vans.
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BALTIMORE - General Motors Corp. will close a Baltimore assembly plant that employs about 1,100 people and discontinue the two brands of vans they produced, a spokesman for the world&#39;s biggest automaker said Tuesday.
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DETROIT  - The Ford Motor Co. announced that two company veterans who were instrumental in the company&#39;s turnaround will retire from the company in February.
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General Motors Corp. GM.N, the  world's biggest automaker, will keep shrinking its U.S. work  force this year, offering buyout packages to more salaried  employees to offset rising costs, executives said on Monday.
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Robert Yates will retire at the end of the season and hand control of his race team to his son.
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The automaker predicts better profits in 2005.
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Jaguar will pull out of Formula One at  the end of 2004, with parent company Ford's engine maker  Cosworth also up for sale.
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Francisco Codina will retire on Nov. 1 as the automaker tries to stem a prolonged decline in U.S. sales.
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Italians are nervous Fiat will take the extreme option of hiving off its auto arm to General Motors in 2005, but analysts say it is unlikely to sell until the 105-year-old carmaker is clear of crisis.
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General Motors (GM) will close a Baltimore assembly plant that employs about 1,100 people and discontinue the two brands of vans they made, a spokesman for the world&#39;s biggest automaker said Tuesday.
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Automaker BMW AG said Friday that it plans to cut thousands of jobs next year to reduce costs. via North County Times