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U.S. auto sales continue to plunge in February

February sales for each of the top six U.S. automakers plunged more than 37 percent in February--the worst month since December 1981. "We are in an automotive depression amid 'The Great Recession,' " Standard and Poor's analyst Efraim Levy said in a report.

Australian F1 Grand Prix Qualifying: Postponed until Sunday by heavy rain

Final qualifying for the 2013 Australian Grand Prix in Melbourne has been postponed until Sunday by torrential rain and poor light. The 2013 Australian Grand Prix is the opening event for the new F1 season, but the new season is off to a difficult start after torrential rain in Melbourne has forced the postponement of qualifying until Sunday morning – just before the race itself is due to start. Race Director Charlie Whiting called time on qualifying this morning after just the first knockout round when the heavy rain – and fading light – made it too dangerous to continue the knockout session.

Chevrolet to dealers: Let Cruze shoppers test-drive competitors

Chevrolet is asking its 3,000 dealers to prepare for the late September launch of the Chevrolet Cruze compact by purchasing competitors' vehicles for test-drive comparisons. Chevrolet is encouraging dealers to have a Toyota Corolla and Honda Civic on site so prospective 2011 Cruze buyers can immediately measure the car against its segment competitors, said Margaret Brooks, Chevrolet small-car marketing director. At a media event Tuesday in suburban Detroit, Brooks said Chevrolet expects buyers to come away with a favorable view of the Cruze.