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GM 'will lose money' on the new Chevrolet Volt

By Ben Whitworth Motor Industry 18 September 2008 14:39 Despite hanging its future on the make-or-break Chevrolet Volt plug-in hybrid car, GM has confirmed that it doesn’t expect to make a profit from it – at least not on the first-generation model. The Chevy Volt was unveiled this week amid much hoopla at GM's centenary. 'I don’t know that I’ve ever seen a situation where we make money, particularly when you load all the costs in,' Fritz Henderson, GM’s chief operating officer, told Automotive News Europe, referring to the company’s first-generation technologies.

Ford Transit XXL (2007): first official pictures

By Tim Pollard First Official Pictures 04 January 2007 10:59 Ford Transit XXL: the lowdown White van man has a new toy, and it's a big one: Ford's Transit XXL. Stretching the tape measure to 7.4m long, it's as long as two regular Transit Tourneo models and has limo-style legroom for seven builders. There are a few more creature comforts than in most Transits, too: captain's armchairs with individual DVD screens and games consoles, and leather trim throughout.

Charles Morgan leaves Morgan

Charles Morgan is no longer a part of the Morgan Motor Company’s management team or board of directors, a press release from the Morgan Technologies arm of the British sports car maker has confirmed. As things now stand, this essentially means that after 103 years, the family that started the firm is no longer involved in running the company. On Bing: see pictures of Morgan cars Find out how much a used Morgan costs on Auto Trader Charles Morgan is the grandson of Morgan Motor Company founder, HFS Morgan, and joined what has always been a family business in 1985.