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Ford posts $3 billion quarterly profit

Ford Motor Co. earned $3 billion in the fourth quarter, helped by a large gain from one-time tax items, and its full-year profit rose as U.S. sales and market share increased.

New Longbridge production line

By Tim Pollard Motor Industry 31 May 2007 10:10 Reborn MG opens its doors at Longbridge Yesterday marked the latest chapter in one of the genuine rollercoaster stories of our times: the rise and fall – and now yet another recovery – of car production at Longbridge, the spiritual home of some of the most famous nameplates in British car manufacturing. This time it’s the rebirth of MG, now in Chinese hands and back from a near-death experience since MG Rover collapsed in April 2005. Nanjing Automobile Corporation (NAC) is the oldest car maker in China and paid £50 million to snap up the MG brand and manufacturing rights, but can it really stand a chance with its new English project?  The Chinese manufacturer is reviving the MG brand and, in Europe, the first model on sale will be the revised TF roadster on sale around September 2007.

GT Academy winner to race at Monza

It's been a year since Jann Mardenborough entered the PlayStation GT Academy. On Saturday, he'll be on the track at Monza, going wheel to wheel with Valentino Rossi in the opening round of the Blancpain Endurance Series. Mardenborough won the GT Academy and drove in the 24 Hours of Dubai with fellow Academy winner Bryan Heitkotter in a race-prepped Nissan GT-R.