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Ford's net profit slips to $1.65 billion for the third quarter
Wed, 26 Oct 2011Ford Motor Co., hurt by accounting changes related to commodity prices, said third-quarter net profits fell slightly to $1.65 billion from $1.69 billion a year earlier. Pretax profits fell to $1.94 billion from $2.06 billion a year earlier. North American pretax operating profits were essentially flat from the year-earlier period at $1.6 billion.
Concept Car of the Week: Renault Argos (1994)
Fri, 09 Nov 2012The 1994 Renault Argos concept is the little sports car based on the humble Twingo that continues to resonate in design terms. Designed by current PSA Director of Design, Jean-Pierre Ploué, the minimalist three-seater ushered in a new design movement dubbed ‘Esprit Nouveau' (New Spirit) that re-instated The Car as an industrial machine after a period of organic, Bio-design influence. Pared-back, broken down into its component parts and proudly bare, the Argos mixed the post-industrial functionality of a contemporary fighter aircraft with a twist of Steampunk fantasy.
Opel to shed upscale pricing in effort to win back core customer
Thu, 21 Jun 2012Opel/Vauxhall is reversing its upscale pricing strategy and will make its cars more affordable to win back buyers, CEO Karl-Friedrich Stracke said. "We need to regain our traditional customer base," Stracke told the Automotive News Europe Congress in Monte Carlo on Thursday. "We moved Opel up too quickly.