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Ford of Europe turnaround plan 'on track'
Wed, 25 Jun 2014By Tim Pollard Motor Industry 25 June 2014 14:52 Ford of Europe will stem its huge 10-figure losses and return to profitability in 2015, president Stephen Odell vowed this week. Talking to CAR at the global launch of the Ford Edge in Cologne, Germany, Odell vowed that heavy losses would be reversed by the sweeping Ford of Europe turnaround plan whose fruits would be borne over the next 12 months. Ford lost $1.6 billion in Europe in 2013 - the third straight year of red ink flooding the region.
Saab says asset sale to BAIC gives it cash for a fresh start
Mon, 14 Dec 2009Saab believes that a deal to sell some key assets to Beijing Automotive Industry Holdings Co. will help secure the money-losing automaker's future. "The money will finance the new Saab and contribute to a good start under new ownership," Saab spokeswoman Gunilla Gustavs said without revealing financial details of the deal.
BMW's Domagoj Dukec on the 4 Series Convertible [w/Video]
Thu, 17 Oct 2013BMW's head of exterior design Domagoj Dukec has explained how the 4 Series Convertible's design sets it apart from the 3 Series in a new video. Dukec says that aside from the fact the 4 Series Convertible is visibly wider than its predecessor with an increased track and wheelbase, its design is unique. While describing the changes to features such as the kidney grille, headlamps and the lines running down the hood, Dukec also compares it to the coupé.