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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.
IED collaborates with McLaren to create the crossovers of 2020
Wed, 17 Nov 2010Students from the Istituto Europeo di Design, Turin have collaborated with British super car manufacturer, McLaren Automotive, to design an off-road, hybrid two-seater for 2020. The 33, third-year post-diploma Transportation Design students were briefed by McLaren Automotive design director, Frank Stephenson, to create a car capable of 'combining sports excellence, driving thrills and the McLaren performance characteristics both off- and on-road'. "McLaren Automotive's plans are wholly based on two-seat, mid-engined performance cars," explained Stephenson.
VW Golf R 400 (2014) first picture
Wed, 16 Apr 2014By Damion Smy First Official Pictures 16 April 2014 23:01 VW just has to make this car! The VW Golf R 400 is the most ballistic, angry VW Golf that the factory has ever built – as quick as the VW Vision GTI Concept but based on the current Golf R, so it seems tantalisingly viable for production. With a ridiculous 3.9sec 0-62mph claim, the ‘400’, named after its Porsche 911 Carrera S-matching 400PS (395bhp), will rocket into the Beijing motor show to say ‘Cop this, A45 AMG’.