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Ford slows rate of cash burn in posting $1.4 billion net loss

Ford 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.

2015 Ford S-Max revealed – debuts at 2014 Paris Motor Show

The new Ford S-Max debuts at Paris and goes on sale next summer The Ford S-Max Concept arrived at the Frankfurt Motor Show last year as Ford worked hard to prove they really did have new cars on the way, despite the huge delay in delivering the new Ford Mondeo to Europe – with which the new S-Max shares its underpinnings – and now we get the real deal – the 2015 Ford S-Max. Looking very like the S-Max Concept, the new S-Max is the same size as the outgoing model but gets an evolutionary redesign complete with Ford’s ‘Aston Martin’ grill and some funky headlights, with the A-Pillars further back, higher beltline, bigger shoulders at the back and a set of slim tail lights at the back separated by a chrome strip. It all conspires to make the new S-Max sportier and more appealing.

Renault-Nissan and Mitsubishi to join forces

MITSUBISHI and the existing Renault-Nissan alliance are set to work together on a series of new cars. Discussions aren’t finished but as part of the deal Mitsubishi will get hold of a Renault chassis large enough to use as a base a full-size saloon for the North American market. The firms will also further develop an electric version of a Japan-only ‘kei car’.