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Ford of Europe turnaround plan 'on track'

By 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.

Design an MG sports car for 2025, win a scholarship and internship at SAIC

SAIC has announced its second university student design competition. To be in with a shout, SAIC wants students to design a dream sports car or GT car for the MG brand to be launched in 2025. The brief asks for a concept that must not only must reference MG's history – 2014 is the firm's 90th anniversary – but that also reflects China's post-90s generation.

2013 Lamborghini Aventador LP 700-4 roadster to be auctioned at Boca Raton Concours d'Elegance

The just-released 2013 Lamborghini Aventador LP 700-4 roadster hasn't been on the market for long, but there's already a 15-month wait for the drop-top supercar. Fortunately, if you've got more cash than patience, there's a way to jump ahead in line: An Aventador Roadster will be auctioned during the Boca Raton Concours d'Elegance gala dinner on Feb. 23.