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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.
Ultimate Street Car Association opens registration for 2014 season
Mon, 17 Feb 2014Back in November, the Ultimate Street Car Association was announced at SEMA as a national race series to oversee the Optima Ultimate Street Car Invitational and Qualifying. Registration is now open for the first event at Mazda Raceway Laguna Seca. Those of you who picked up any tuner mag from the last six years will remember the Optima Ultimate Street Car Invitational, which played host to some incredible cars -- and demonstrated an overwhelming bias toward Camaros, it turns out.
Formula 1 2012: The Cars [w/video]
Tue, 07 Feb 2012Nine of the 12 Formula 1 teams have released images and details of their cars for the 2012 World Championship as the first day of pre-season testing draws to a close at the Jerez circuit in Spain. Motor sport may fall slightly outside of Car Design News' usual remit, but the big story this year is the new 'stepped nose', which all teams bar McLaren have introduced to comply with new safety regulations, much to the chagrin of aestheticists. And with designers such as Daniel Simon (he produced the livery for HRT last season) and Peter Stevens (most notable for the Brabham cars of the 1980s) involved with the sport over the years, it's always interesting to check out the season's new machines.