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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.

"Room for debate" on minimum driving age increase

MOTORISTS are concerned about the minimum driving age, according to new research. More than a third of drivers (35%) think the minimum age should be raised, with 40% of those people believing the starting point should be 21, according to the study carried out by British Car Auctions (BCA). Four in 10 of all people questioned said they felt that a reduction in the overall accident rate would be a welcome outcome of an adjustment of the legal minimum driving age.

Going green is the new black

When hearing the term “luxury vehicle,” it’s safe to say your mind doesn’t automatically jump to phrases like “fuel-efficient” or “environmentally friendly.” Let’s be honest: Owning a gas-guzzling speed machine dressed to the nines inside and out is a serious status symbol in most cultures. But there’s a new trend taking over the luxury automotive world, and it’s covered in green. The demand for high-end hybrid cars is on the rise, not only for their notable mileage boost and decreased emissions, but also for the social gains of adopting the green technology.