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U.S. sales rise 9 percent in July

U.S. demand for light vehicles continued to defy mostly weak economic indicators by rising 9 percent in July. Big sales gains at Japan's and Europe's top automakers--Toyota, Honda, Nissan and Volkswagen--offset declines at Ford Motor Co.

2012 Canadian Grand Prix Qualifying: Vettel takes pole

Sebastian Vettel has taken Red Bull’s second pole position in a row with a stunning qualifying at the 2012 Canadian Grand Prix. Red Bull may have seemed a bit out of sorts so far in the 2012 F1 season, but Vettel’s pole at the Canadian Grand Prix on top of Mark Webber’s win at Monaco last time out may be an ominous sign for the rest of the grid. Vettel took his Red Bull round Montreal’s Circuit Gilles Villeneuve a full three tenths of a second ahead of second place Lewis Hamilton and moves Vettel up to fifth place in the all-time pole listings alongside Nigel Mansell – and his career still has a long way to go to overhaul Schumacher, Senna, Clark and Prost.

Tata NOT bidding for Saab – but Mahindra are

Tata may not want Saab - but Mahindra do. Despite claims that Tata have placed a bid for Saab, Ratan Tata has said they have not but confirms Mahindra has. Yesterday, in the midst of all the news coming in from Geneva, we heard rumours that Tata had placed a bid said to be worth $350 million for Saab.