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Ford sales rise 40 percent, Chrysler up 61 percent as industry rebounds

Ford Motor Co. posted a 40 percent increase in U.S. sales last month and Chrysler Group soared 61 percent as the industry showed signs of rebounding from an August slump.

Audi A5 Sportback preview (w/ Video)

Audi has revealed a teaser image and sketch of the forthcoming A5 Sportback, which is scheduled to make its debut at the Frankfurt motor show in September. Though the core design of the production car is similar to the Sportback show car unveiled at the NAIAS in Detroit at the start of this year, it will be smaller in size. Coined a 'five-door coupe' by the Ignolstadt-based automaker, the Sportback features a spoiler lip and a diffuser insert integrated into its elongated rear end.

Chrysler to axe a quarter of its staff

Chrysler is to cut a quarter of its staff - up to 5000 jobs By Tim Pollard Motor Industry 24 October 2008 17:05 The credit crisis gripping the world's economy struck Chrysler again today – the car maker announced it would cut a quarter of its staff by the end of the year. Although exact figures haven't been issued yet, it looks like as many as 5000 jobs could be axed. Analysts in Detroit are seeing today's announcement as a sign that the possible GM-Chrysler merger being discussed could come to fruition.