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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.

Flintoff spared ban for speeding

ANDREW 'Freddie' Flintoff has escaped a driving ban for speeding in his Bentley after arguing "exceptional hardship" to magistrates. Flintoff, 36, was already on nine points for speeding and in danger of an automatic ban with another three points after admitting being behind the wheel when flashed by a camera doing 87mph on the M6, near Linstock, Cumbria on January 28 this year, Carlisle Magistrates' Court heard. But JPs accepted a ban would amount to exceptional hardship because of the effect on others who rely on his extensive charity work and the privacy of his three children.

Lister Motor Co. is back in business, apparently

This summer has been a big one for fans of limited-production British automakers. First, we heard that TVR has returned, or is at least planning to return, with production expected to resume in 2015. Now we're getting word that Lister Motor Co., which built the remarkable Lister “Knobbly” Jaguar cars, is getting a new lease on life.