Chrysler LLC's creditors have made a second offer to swap their secured debt this time offering to reduce the US$6.9 billion owed to them down to US$3.75 billion, although still with the condition of receiving a 40 percent equity stake

Scuderia Toro Rosso had an unrewarding afternoon in Bahrain with neither of the Ferrari-powered STR4s getting anywhere near the top-10 and at the finish Sebastien Bourdais was 13th, fourth places ahead of his team mate Sebastien Buemi

Kimi Raikkonen finished the Bahrain Grand Prix in sixth place driving an attacking race to bring home the first points of the season for Ferrari while team mate Felipe Massa finished fourteenth after an early nose change ruined his race

The new Mantide has been designed and fully engineered in collaboration with the renowned Danisi Engineering and aims to be the world’s greatest street legal performance car, wrapped in an iconic and radical Stile Bertone design

Photo Gallery: Stile Bertone - Mantide

After it looked at one point it looked as if the Grand Prix of Japan would be a washout, the sun broke through the dark clouds and streamed onto the Motegi circuit as the Fiat Yamaha Team enjoyed a clean sweep of the top two spots

Abarth factory star Giandomenico Basso behind the wheel of a 'private' Grande Punto Abarth S2000 has won the 33rd Rally 1000 Miglia, the third round of the Italian Rally Championship and first of the European Rally Championship

Two cars in the top ten: that’s the outcome of qualifying this afternoon for the Bahrain Grand Prix, for Scuderia Ferrari, with Felipe Massa in eighth place and Kimi Raikkonen tenth as both cars make it into the last ten qualifiers

Scuderia Toro Rosso's rookie Sebastien Buemi once again got the better of his more experienced team mate Sebastien Bourdais this afternoon in Bahrain although neither of the Ferrari-powered cars made it through the first qualifying session

As the Ferrari team prepares for tomorrow's Bahrain Grand Prix a ceremony took place in the Ferrari paddock where its drivers Kimi Raikkonen and Felipe Massa presented the new logo for the forthcoming Ferrari World Abu Dhabi

For the second race in a row MotoGP was a victim of severe weather conditions today, when qualifying for the Japanese Grand Prix was cancelled amidst torrential rain at the Motegi Twin Ring meaning that Valentino Rossi will be on pole

With days to go to the deadline to complete the deal with Fiat, Chrysler has reached a tentative agreement with the Canadian Auto Workers union that will save it around US$240 million a year and secure the future of its Canadian plants

Once again this year Ferrari and the ACI-CSAI will organise a test aimed at evaluating young talent from the world of Italian motor sport; getting behind the wheel of an F60 will be the top three finishers in the Italian F3 Championship

Fiat CEO Sergio Marchionne has blasted straight back at the comments made this morning by European Commissioner Guenter Verheugen who in a TV interview derided the idea that Fiat could successfully invest in GM's Opel division

Felipe Massa and Kimi Raikkonen ended the Friday afternoon 90 minute practice session in Bahrain in sixteenth and eighteenth places respectively; the Finn completed a total of 47 laps over today’s three hours of track time, the Brazilian 51

Fiat is set to push the technological boundaries forward once move by creating a hybrid version of its forthcoming tiny 'Topolino' urban car that will miniaturise this fuel saving process in a way that its rivals haven't been able to achieve

Fiat Yamaha riders Valentino Rossi and Jorge Lorenzo head to Japan this weekend for the second Grand Prix of 2009 and they will be keen to keep the momentum high after finishing second and third under the Qatar floodlights

Maserati has named Raffaele Fusilli as the temporary President and CEO for North America as the turnover of executives from this role continues with the resignation of Marti Eulberg earlier this week after just 11 months in the job

German media reports this morning citing sources closely involved in the negotiations claim that Fiat is set to take a majority stake in General Motors' European businesses with a letter of intent to be signed next Tuesday

Fiat Group Q1: Despite difficult market conditions so far this year and with revenues down 25 percent year-on-year to 11.3 billion euros a break even trading performance has been achieved along with strong liquidity at 5.1 billion euros

Alfa Romeo is in Norway filming its range of cars from the MiTo to the 8C Competizione on the Atlanterhavsveien, a dramatic stretch of island-linking road that is regarded as providing some of the most stunning stretches of scenery in the world

Photo Gallery: Alfa Romeo [promotional filming] - Atlanterhavsveien, Norway

Retired star cyclist Paolo Bettini, who has contested a handful of Italian rallies, will make his Intercontinental Rally Challenge debut when he contests the Ypres Rally in Belgium in June driving a privately-entered Grande Punto Abarth

Ferrari is preparing for the Bahrain Grand Prix in more or less the same condition in which it tackled last Sunday’s race in China as no new components will be on the cars this week; it will be the last time the F60 is seen in this configuration

Chrysler invented the minivan 25 years ago and more than minivan 12 million sales later Chrysler showed off four all-electric Town & Country minivan concepts to the U.S. Postal Service (USPS) as part of the USPS Earth Day celebration