Ford Oem 5s4z8a080aa Radiator-reservoir on 2040-parts.com

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.

Detroit Electric SP:01 (2014) nears production. The next Tesla?

By Tom Gregory Motor Industry 19 June 2014 11:26 New US based electric car maker, Detroit Electric, has been conducting final testing in Europe of its new SP:01 sports car.Described by Detriot Electric as the “world’s fastest production electric vehicle”, the rear-wheel-drive two-seat convertible is now nearing production having initially been unveiled in the USA and China last year. In a word, yes. Much like the equally electric Tesla Roadster, the SP:01 is built on the aluminium chassis of the Lotus Elise and as such, shares more than a passing resemblance with the Norfolk-built sports car.

Video: Porsche's Michael Mauer and Mitja Borkert on the new Macan

Porsche style vice-president Michael Mauer has revealed how the new Macan's design was influenced by racecars. In this new video, Mauer and members of his design team explain some of the Macan's development and the team's desire to create "a true Porsche in each segment – a true sports car". Classic Porsche design cues were immediately obvious upon seeing the Macan in the metal in Tokyo and Los Angeles – including its rear and interior – and Mitja Borkert, director advanced design style, identifies other recognizable features.