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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.

VW Design Vision GTI gets 500bhp: Worthersee

The Design Vision GTI is built to show what a Golf built for racing would look like – and perhaps point to future evolutions of VW’s most successful car – and is built on the same MQB platform as the regular GTI. It’s a bit shorter (15mm) than a regular Golf, a chunk wider (71mm) and a lot lower (57mm) which conspires to make the Design Vision GTI much more aggressive looking than its mainstream sibling. Power comes from a 3.0 litre V6 with two turbos – good for 500bhp and 413lb/ft of torque – which is driven to all four wheels through a DSG ‘box and can scoot to 62mph in a supercar-like 3.9 seconds on its way to 186mph.

Jaguar Land Rover to build cars in China

Jaguar Land Rover has revealed it is going to build cars in China, starting with either the Freelander 2 or Evoque. Jaguar Land Rover has revealed that it going to build cars outside the UK for the first time (as opposed to re-assembling Freelander 2 CKD kits as it does in India) in a plant just north of Shanghai. As this is China, official permission from the Chinese government is required, but with the joint venture between Chery and JLR now official its seems unlikely to be a problem as JLR will already have agreed to Chery producing JLR cars with Chery badges on.