Formula One won't be returning to Indy next year. Hope you saved your ticket stubs from this year — it'll be a collectors item. [TheIndyChannel.com]

Chrysler Group to cut prices on the newly redesigned 2008 minivans by as much as $3,585 to fend off an assault from foreign automakers with their own egg-mobiles. [Bloomberg]

Ferrari CEO Jean Todt talks racing and says they'll not for even a moment be pondering a four-door sedan. Frankly, Jean Todt is upset the WSJ even asked the question. [WSJ]

Gerald L. Shaheen, president of Caterpillar, Inc., becomes the newest board member for Ford. Oh, and did we mention his appointment brings the total number of FoMoCo board members up to the magical and not-so-lucky 13? [Freep]

Tower Automotive just got the $1 Billion OK for sale to Cerberus. [Detroit News]

Chrysler UAW Veep General Holliefield is quoted as stating: "All contract talks are difficult." Detroit News reports it as news. Slow news day today, boys? [Detroit News]

John "Informer" Snow of Cerberus to discuss impact of Chrysler sale today at Detroit Economic Club. Hurry and snatch those tickets up before they're gone — we hear they're serving chicken! [Freep]

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