13 Articles
May 23, 2009
POLL: Do you care about the Indy 500?

The 93rd running of the Indianapolis 500 will take place tomorrow at noon. ABC will provide the usual live coverage, and viewers will watch to see if pole-sitter Helio Castroneves manages to do his Spider-Man thing at the race's conclusion. Or if Danica makes history. Or maybe you're just looking for a race – and a finish – as exciting as the spectacular ending to the 2006 Indy 500.

Alex Nunez
May 23, 2009
Ssangyong given go-ahead to restructure, avoids liquidation

A South Korean court just approved a plan to keep SsangYong Motor (SYMC) out of liquidation. In granting its approval the court agreed with a recent report that showed SsangYong is worth more alive than dead. After entering their version of Chapter 11 back in February, the company was faced with liquidation unless they came up with a convincing argument that they could turn things around.

Frank Filipponio
May 23, 2009
Beijing to ban all non-green vehicles from city center

As part of Beijing's ongoing efforts to improve its air quality and reduce congestion, the capital of the People's Republic of China will begin placing either green or yellow labels on all vehicles. These labels will correspond with specific areas that vehicles are allowed to enter, and all non-green vehicles will be banned from driving through the city center.

Jeremy Korzeniewski
May 23, 2009
REPORT: More foreign automakers skipping Tokyo Motor Show as tally swells to 22

As of Thursday, Porsche and Maserati are the latest two brands to pull out of the biennial Tokyo Motor Show. That brings the tally to 22 foreign brands sitting out the Japanese showcase, leaving Hyundai, Ferrari, and Lotus to duel for import honors. Said a show spokesman, "It is unprecedented to see such a large number of carmakers not coming to the motor show. It's disappointing."

Jonathon Ramsey
May 23, 2009
Honda UK workers vote in favor of 3% pay cut to save jobs

The numbers for the UK car industry in April point to a 50% drop in production, and factories that aren't shut down completely are being run at glacial paces. After closing its Swindon, England plant for four months, the choice Honda gave workers there fit the template of the times: take a pay cut or else 490 of you will be let go. The workers voted for the 3% drop in wages, while management gets a 5% reduction.

Jonathon Ramsey
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