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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.

Tokyo Auto Salon pits performance autos against hybrids

The world's other big January auto show, the 2010 Tokyo Auto Salon, opened its doors to tuner enthusiasts in mid-month with a record 402 exhibitors. The Auto Salon fuses numerous styles, but the overriding theme this year was hybrid cars, with customized Toyota Priuses and Honda Insights at every turn. Good old-fashioned engine tuning is alive and well in Japan, where even new sports cars are being heavily modified, with cars such as the KRL Mitsubishi Evolution X and the HKS Nissan GT-R both boasting in excess of 600 hp.

Maserati and Poltrona Frau showcasing continuing collaboration

Maserati and Poltrona Frau are showcasing their continuing collaboration in automotive design in a weeklong exhibition at Design Centre at Chelsea Harbor, London. From 18 until 22 June the glass domes of Design Centre will play host to a Maserati GranCabrio Sport as well as one of Poltrona Frau's skilled artisan upholsterers working on a chair throughout the week in a demonstration of traditional Italian craftsmanship. Poltrona Frau, the international high-end furniture company, has realized the interiors of the entire Maserati range – including the Quattroporte saloon, GranTurismo coupe and GranCabrio convertible – through its 100-year history of leather working and handcraftsmanship.