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Mini Cooper (2013) New Mini previewed by Mini Vision Concept

The Mini Vision Concept has given the best indication yet at what the Mini 3, due to be shown this autumn, will look like. Shown at a design event in Germany, the Vision, says Mini, is intended to show the future design direction of the BMW sub-brand, but when compared to scoop images of the car, essentially previews the new model in all its glory. Mini Vision Concept: the need-to-know The Mini 3 will keep the familiar styling cues of the first two generations, but there’s a longer wheelbase and a waistline that’s rising more sharply towards the roofline, which lowers more aggressively than before.

Ford burns through $5.5 billion in 4th quarter as losses mount

Ford Motor Co., the only U.S. automaker operating without federal loans, burned through $5.5 billion in cash during the final three months of 2008 as losses mounted. Ford finished the year with cash reserves of $13.4 billion.

Concept Car of the Week: Toyota EX-III (1969)

The Toyota EX-III was presented at the 1969 Tokyo motor show, alongside the EX-I and EX-II concepts. It was by far the most advanced and portrayed a Japanese answer to the American and European dream machines. Just like its smaller sibling, the EX-1, the mid-engined EX-III was designed 'for the increased safety and comfort that tomorrow's high-speed travel will demand,' said the brochure.