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Are new car sales figures a fantasy?
Sat, 11 Aug 2012A recent report from Germany claimed up to 30 per cent of new car sales were a fiction. Could the same be true in the UK? Despite the recession – and the lack of finance deals for a huge number of potential customers – new car sales in the UK seem to be rising inexorably.
Ford slows rate of cash burn in posting $1.4 billion net loss
Fri, 24 Apr 2009Ford 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.
Toyota charity puts boots on the ground in Detroit
Wed, 09 Jan 2013For the second year in a row, Toyota has chosen to celebrate the opening of the Detroit auto show with a philanthropic gesture. In order to help homeless women and children in the Detroit area, Toyota's “Walk in my Boots” community project will partner with Moosejaw, a Michigan-based outdoor retailer, to donate new boots to residents of The Salvation Army Denby Center for Children and Family Services in Detroit. Toyota will also be providing a luncheon buffet for the residents when they deliver the boots and donating $10,000 to the facility to help with operations' costs.