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American Suzuki to pull out of U.S. auto market, file Chapter 11 bankruptcy

American Suzuki Motor Corp., beset by low sales, cutthroat competition and unfavorable foreign exchange rates, said it will pull out of the U.S. auto market and file for Chapter 11 bankruptcy protection. The company, in a statement today, said it will continue its motorcycle and marine engine business units and will continue to honor customer warranties.

Chevrolet Colorado Rally concept

Chevrolet has announced the second concept that previews the brand's next generation of pickups ahead of its official unveiling at the 5th Buenos Aires Auto Show. Following on from the Colorado concept shown in Bangkok, the Colorado Rally truck takes the basic premise of the first Colorado concept and adds a dose of aggression, with the vehicle gaining increased ride height, chunkier tires and a more prominent under body. Integrated winches, front and rear, convey the truck's off road abilities.

Ferrari SP Arya – a one-off Ferrari 599 GTO for Cheerag Arya

Indian-born and Dubai-based Cheerag Arya has commissioned a special one-off Ferrari 599 GTO – the Ferrari SP Arya. When your pockets are very deep and your love of all things Maranello runs in your blood, Ferrari Special Projects will bend over backwards to give you what you want. Just as they did with Eric Clapton and the  Ferrari SP12 EC Indian born businessman Cheerag Arya (know as CA), still only 32, spent many years working in the US but now lives in Dubai where he runs his family’s petrochemical business and indulges in his passion for Ferrari, particularly Ferrari’s big GT cars.