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Charles Morgan dismissal appeal rejected

Charles Morgan’s appeal against his dismissal from Morgan Motor Company has been rejected, after the firm’s board of directors chose to uphold the ruling last Friday, 25 October. In a short statement posted on his personal blog, Charles Morgan outlined, “I have been informed that Morgan has rejected my appeal and, as a result, I have been removed from Morgan Technologies.” On Bing: see pictures of Morgan cars Find out how much a used Morgan costs on Auto Trader The former strategy director of the Malvern-based British sports car manufacturer went on to say that “it is incredibly disappointing news.” Morgan – whose grandfather H.F.S. Morgan founded the company in 1910 – stated, “I have been dismissed on what I believe are very contentious grounds.

2015 Toyota Camry unveiled in New York

A good-looking Camry? What's next, one that handles well, too? Oh man, our world has been turned upside down!

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.