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Tesco Cars shuts up shop

Tesco Cars closed for business A year after launching Tesco Cars in conjunction with Carsite, Tesco reveals it is to close the used car operation. Tesco Cars was one of the latest Tesco sideways moves to use its vast revenues to dominate more and more business sectors in the UK. But it’s come to an ignominious end just twelve months after it was launched, piggy-backing on the existing Carsite business to try and flog used cars to customers who would rather deal with a big supermarket than a back street car lot.

Renault 5 revival to take on DS3?

Renault 5 Turbo - perhaps the only remotely iconic R5 What have been the big successes in little cars in the past few years? Yep, recreations of bygone icons have wiped the floor with the opposition. The MINI and the Fiat 500 have ruled the roost for those who seek style and cool to go with small, chic and cheap to run.

Ford reports record $1.7 billion profit

Ford Motor Co. reported record third-quarter profits on Tuesday, raised its production forecast and said it will speed up steps to cut its debt. Ford's $1.7 billion in net income was up from $997 million a year earlier.