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Ford slows rate of cash burn in posting $1.4 billion net loss

Ford 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.

Honda HR-V images shown at New York auto show

Honda has released images of the upcoming HR-V compact SUV, known globally as the Honda Vezel. The HR-V will be based on the Honda Fit, though the model itself will not be debuting at this year's New York auto show. The HR-V is expected to go on sale at the end of 2014, though Honda has not released extensive details about this new entry into the crossover segment.

2014 Chevrolet Corvette Stingray: 2013 Detroit Auto Show

Chevrolet has debuted the 2014 Corvette Stingray at the Detroit Motor Show, the most powerful – and fuel efficient – Corvette to date. Revealed at the Detroit Auto Show, the new Corvette – which gets the fabled ‘Stingray’ moniker – comes as standard with a 6.2 litre V8 delivering 450 horses and 450lb/ft of torque which translates in to a properly swift 0-60mph of under four seconds, and yet conspires to offer official economy of 26mpg – just not at the same time. But it looks like the new Corvette may be able to go round corners as well as it goes in a straight line, with a new seven-speed manual ‘box with rev matching driving the power to the rear wheels, and a five position Drive Mode Selector that’s said to tailor 12 vehicle attributes to suit intent and environment.