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Ford burns through $5.5 billion in 4th quarter as losses mount

Ford Motor Co., the only U.S. automaker operating without federal loans, burned through $5.5 billion in cash during the final three months of 2008 as losses mounted. Ford finished the year with cash reserves of $13.4 billion.

Citroen GT (GTbyCitroen Concept) – in the flesh

The GTbyCitroen Concept (Citroen GT) is making a Summer tour of Motor Events in Europe Which all fits very well with Citroen’s desire to reposition itself as a Premium Brand. The new range of Citroen DS models is part of that way forward, and Citroen obviously believes – probably quite rightly – that the Citroen GT is potentially a great ‘Halo’ model for the company. So Citroen are going to spend the Summer schmoozing with the Citroen GT at some high profile events.

Mercedes-Benz considering Aston Martin buyout

Mercedes-Benz is reportedly considering a deal to buyout sports car manufacturer Aston Martin, which would increase the firm’s current 5% stake in the British brand. Following a deal to supply AMG engines to Aston for its next generation of vehicles (hence the current 5% share), a buyout or even further investment in Aston Martin could be beneficial to both brands. On Bing: see pictures of the Aston Martin Lagonda SUV concept Find out how much a used Aston Martin costs on Auto Trader With Mercedes technical expertise and existing model range, it opens up potential new models to Aston Martin.