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Ford of Europe turnaround plan 'on track'

By Tim Pollard Motor Industry 25 June 2014 14:52 Ford of Europe will stem its huge 10-figure losses and return to profitability in 2015, president Stephen Odell vowed this week. Talking to CAR at the global launch of the Ford Edge in Cologne, Germany, Odell vowed that heavy losses would be reversed by the sweeping Ford of Europe turnaround plan whose fruits would be borne over the next 12 months. Ford lost $1.6 billion in Europe in 2013 - the third straight year of red ink flooding the region.

Mercedes-Benz announces record sales for its AMG division

Meanwhile, AMG has announced that 2013 was the most success year in the firm's history with a total of 32,200 sales thanks in part to the success of the new A45 AMG and CLA45 AMG. The announcement marks the first time Mercedes-Benz has officially confirmed annual sales figures for its AMG division. AMG's 2012 sales were believed to be around 20,000.

Mercedes E63 AMG Drifting at Brooklands

The 525bhp Mercedes E63 AMG gets blatted round the Brooklands track in the video below When you produce a mid sized saloon car with a great big 6.2 litre V8 you can be pretty sure that when journalists get the chance to play they’re going to be a little exuberant with your car. So why not get in first? That seems to be Mercedes thinking with the video they’ve produced of the E63 AMG strutting its stuff at a soaking wet Brooklands track.