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Ford slows rate of cash burn in posting $1.4 billion net loss
Fri, 24 Apr 2009Ford Motor Co., the only U.S. automaker operating without federal bailout loans, burned through $3.7 billion in cash during the first quarter in posting its fourth straight quarterly loss. Ford slowed the burn rate from the fourth quarter of 2008, when cash declined by $5.5 billion.
2011 Peugeot 308 facelift arrives
Mon, 07 Feb 20112011 Peugeot 308 Facelift - sans big gob When we reviewed the Peugeot RCZ last summer, Claire commented that it was a shame the RCZ had come along before Peugeot actually got on with dumping the big-gob front end. And she was right, but at least that roll-out of a new, more refined look is underway with the reveal of the 2011 Peugeot 308. That bulbous and unattractive nose has gone the same way as Tom Jones’ 1960s big hooter, to be replaced by a slimline and elegant new look.
GM closes UK Advanced Design Studio
Tue, 09 Aug 2011CDN has learnt that General Motors is closing its UK Advanced Design Studio as part of its ongoing restructuring program. Clay Dean, GM's executive director of advanced global design and Cadillac's brand director, arrived at the studio on 4 August to announce the closure to staff. The UK studio, which opened in 1999, was predominantly involved in the creation of Cadillac concept cars and was originally planned to be a short-term confidential operation as the smallest of GM's design studios.