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Ford burns through $5.5 billion in 4th quarter as losses mount

Ford Motor Co., the only U.S. automaker operating without federal loans, burned through $5.5 billion in cash during the final three months of 2008 as losses mounted. Ford finished the year with cash reserves of $13.4 billion.

McLaren P1 driven by Top Gear’s Jeremy Clarkson (video)

McLaren P1 driven by Top Gear’s Jeremy Clarkson (pictured) It’s only a few days since McLaren revealed the first customer P1s are now rolling out of McLaren’s clinical production facility in Woking, and it looks like Jeremy Clarkson has bagged one to play with. The video (below) shows Clarkson behind the wheel of the new P1 which, judging by the number plate, is probably one of the first customer cars on the road. The opinionated one is preceded in the video by a pair of Range Rovers – one new, one old – at least one of which is a camera car, so this drive of the Mclaren P1 is obviously heading for a TV screen soon – hopefully on Top Gear.

Pensioner rescued from sinking car

A PENSIONER had a lucky escape when he was rescued from his car just before it sank under water after he was stranded on a tidal causeway. The man, in his 80s, was trapped inside the vehicle with the sea rising around him after he got stuck on the causeway between Overton and Sunderland Point, Lancashire, the RNLI said. Emergency services were called just before 3.30pm yesterday and the Morecambe RNLI's inshore lifeboat crew found the man inside the car and unable to open the doors because of the pressure of water.