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Ford of Europe turnaround plan 'on track'
Wed, 25 Jun 2014By Tim Pollard Motor Industry 25 June 2014 14:52 Ford of Europe will stem its huge 10-figure losses and return to profitability in 2015, president Stephen Odell vowed this week. Talking to CAR at the global launch of the Ford Edge in Cologne, Germany, Odell vowed that heavy losses would be reversed by the sweeping Ford of Europe turnaround plan whose fruits would be borne over the next 12 months. Ford lost $1.6 billion in Europe in 2013 - the third straight year of red ink flooding the region.
Silverstone redevelops Stowe: new pictures
Mon, 16 Nov 2009By Christopher Erasmus First Official Pictures 16 November 2009 14:28 This is the new Stowe Complex at Silverstone, the first step in the racing circuit's new £7 million track development programme, and the main feature to attract corporate and product events to the track ahead of major planned events in 2010.Will Silverstone's new Stowe Complex affect the 2010 Moto GP or possible return of the British grand prix?No, the complex is a separate development within the full F1 circuit, and should be fully complete by March 2010, in time for the Moto GP in June 2010 and the still-possible British GP in July 2010. The development is designed to attract manufacturers and corporate events types to come and test at the Northamptonshire venue.So it's just a money-spinning scheme by Silverstone? Or are they actually building something important?The Stowe Complex is certainly a way for Silverstone to generate some important revenue and publicity.
Jody Scheckter turns farmer
Tue, 26 Aug 2008Jody Scheckter Mercedes-Benz By Ben Whitworth Motor Industry 26 August 2008 10:11 Ever wondered what happens to F1 world champions when they hang up their race suits? Jody Scheckter – the last man to give Ferrari a world championship in 1979 before Michael Schumacher stepped in – has traded in the glamour of the pit lane for farming. The owner of the award-winning Laverstoke Park farm and acclaimed organic expert, South Africa-born Scheckter has sealed a deal with Mercedes-Benz World to supply the experience centre’s Gullwing Restaurant with organic food from his Hampshire farm.