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Ford posts $3 billion quarterly profit

Ford Motor Co. earned $3 billion in the fourth quarter, helped by a large gain from one-time tax items, and its full-year profit rose as U.S. sales and market share increased.

Murray Walker 'astounded' by reunion with father's racing motorbike

VETERAN broadcaster and motorsports commentator Murray Walker was for once left speechless after he was reunited with one of his father’s old Rudge racing motorbikes. During a Royal Automobile Club dinner, where he was a guest of honour, the 90-year-old ‘voice of Formula 1’ was overwhelmed by a surprise unveiling of a group of classic racers that had been assembled by the Club on his behalf. Ever-fewer people remember that Graham Walker, Murray’s father, was a hugely successful motorbike racer with brands including Rudge.

BMW's Project-i will build 'premium vehicles'

By Ben Whitworth Motor Industry 05 March 2009 16:02 BMW’s much vaunted Project-i will adopt a radical new approach to mass transport for growing urban populations – but only for those that can afford it. 'These vehicles will be premium vehicles,' Project-i leader Dr Ulrich Kranz told CAR at the Geneva motor show. 'They will not be Tata Nano rivals – no way!