2 Toyota 4runner Embroidered Patches on 2040-parts.com

Fisker to face Congressional committee probe

Henrik Fisker's congressional testimony on Wednesday before the House Oversight and Government Reform Committee will paint the automaker he founded as a victim of "a confluence of events" and as a still-salvageable enterprise. Fisker, who resigned from Fisker Automotive on March 13, is among the automaker and government representatives scheduled to appear before Congress to answer questions regarding $193 million in Department of Energy loans made to the company. Fisker Automotive has appeared to be on the brink of filing for bankruptcy for the past few weeks.

Ferrari looks at layoffs, cuts back production

We guess it's not all GTOs and 458 Italias. The word out of Italy is that Ferrari is looking at cutting production and eliminating 9 percent of its workers after sister company Maserati cut engine orders. Ferrari made only about 4,500 engines for Maserati last year, compared with nearly 9,000 in 2008.

Jaguar Heritage Racing launches +video

Jaguar Heritage Racing - lots of historic competitive racing planned in 2012 Jaguar are to go Heritage Racing, with works supported Jaguar C and D-Types appearing at heritage racing events like Goodwood and the Mille Miglia. Jaguar has a great depth of history, not just in car production but in racing too. And for a very long time Jaguar believed its history gave it all the kudos it needed to succeed as a car maker.