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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.

Suzuki CrossHiker, X-Lander & Hustler Concepts for Tokyo Motor Show

It’s the Tokyo Motor Show next month, and that’s a big deal for Japanese car makers, eager to make a statement at their home motor show, and Suzuki are quick out of the gate with three new concepts for the show. The Suzuki Crosshiker is a three-door crossover that comes complete with a big panoramic roof, weighs just a bit over 800kg, is about the size of a compact car – but higher riding, and is powered by a new, frugal three-cylinder engine. Concept number two is the Suzuki X-Lander which get built on the underpinnings of the Jimny and gets four wheel drive with power coming from a 1.3 litre petrol engine mated to an electric motor.

Just one new Ferrari sold in Greece in 2012 – and it came to the UK!

Just one new Ferrari was sold in Greece in 2012 in the depths of Greece’s austerity, and it seems even that lone Ferrari came to the UK. None of which is particularly surprising considering the mess Greece has got in to since its tied itself to monster economies like Germany when it joined the Eurozone. There’s no doubt there are still plenty of gazillionaires in Greece, but how many of them would want to risk parading their wealth in a brand new Ferrari when Greece is in such a financial mess, more than one in four are out of work and soup kitchens are springing up as normal Greeks struggle to even feed themselves?