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De Tomaso sold by Rossignolo

De Tomaso sold to unknown investors De Tomaso – the ill-fated Italian supercar maker – has been sold by Gian Mario Rossignolo after a financially fraught revival attempt. De Tomaso seems fated to lurch from one financial crisis to another – as it has throughout its history – with the latest efforts by former Fiat executive Gian Mario Rossignolo to revive the marque floundering for investment. And it looks like Rossignolo has given up the fight and sold out to unnamed investors.

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.

Citroen C3 Picasso (2008): first official pictures

By Phil McNamara First Official Pictures 08 July 2008 10:52 Citroen today announces the C3 Picasso, a supermini-MPV it claims has the innovative magic of the company’s DS masterpiece, the ‘useful and beautiful’ approach of Apple’s iPhone and the unblinking practicality needed to wound the market-leading Vauxhall/Opel Meriva. The spacious, eye-catching MPV goes on UK sale in summer 2009. It’s based on the next-generation C3 supermini, and runs four-cylinder engines turning the front wheels.