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Cadillac CTS-V ‘sets saloon Nurburgring record’

By Tim Pollard Motor Industry 12 May 2008 10:31 Cadillac’s new CTS-V has set a new production saloon lap record at the Nurburgring, the company claims. It reports the 2009 CTS-V lapped the 13-and-a-bit mile circuit in an impressive 7min 59.32sec.‘This blistering time appears to be the fastest ever publicly documented for a production sedan,’ says a breathless press release. And according to the records we’ve researched, they appear to be correct, although a Subaru Impreza STi Spec-C also lapped in 7min 59sec.It leaves us wondering who else is going to launch an assault on the Nordschleife’s 73 corners.

End of the road for Mercury

Mercury has stood for hot-rodding, performance, style and even feminine appeal during various points in its 72-year history. But ultimately, the failure to stand alone in the Ford Motor Co.'s family of brands spelled its demise. Mercury, a brand founded by company scion Edsel Ford, will be shuttered as Ford concentrates its efforts on the core Ford brand and luxury-level Lincolns.

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.