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Michael Schumacher tests 2015 Mercedes C-Class
Fri, 13 Dec 2013Formula One ace Michael Schumacher was back behind the wheel of a Silver Arrow in a new Mercedes C-Class video this week. He is testing the autonomous features such as pre-braking, lane keeping and radar cruise control. Mercedes director of driver assistance systems Jochen Hermann talks us through the video, with Schumacher behind the wheel, starting with the Distronic Plus system.
Ford's net profit slips to $1.65 billion for the third quarter
Wed, 26 Oct 2011Ford Motor Co., hurt by accounting changes related to commodity prices, said third-quarter net profits fell slightly to $1.65 billion from $1.69 billion a year earlier. Pretax profits fell to $1.94 billion from $2.06 billion a year earlier. North American pretax operating profits were essentially flat from the year-earlier period at $1.6 billion.
Lack of history loses 20% of a car’s value
Mon, 08 Sep 2014A CAR being sold without a full service history is worth one-fifth less on average than a car with a fully stamped service book. This amounts to an average of £1464 for the typical used car sold in the UK with a price of £7706. A study by Kwik Fit found buyers expect a 19% discount for cars with incomplete or no service history, which is costing the used car industry £10 billion per year in lost revenue.