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Bill Ford steps down

By Angus Fitton Motor Industry 06 September 2006 08:50 Bill Ford is set to step aside as chief executive of Ford Motor Company. Replacing him is 61-year-old Alan Mulally, previously the boss of Boeing's commercial aircraft division. Ford stepped down as part of a major management reshuffle designed to reverse the ailing fortunes of the world’s third largest car manufacturer.

LA Motor Show: Mercedes previews fast GLA compact SUV model

MERCEDES has unveiled an almost production-ready AMG compact SUV concept with a banzai 355bhp engine. The Concept GLA 45 AMG is the German company’s vision for a rapid car to rival the upcoming Porsche Macan, which like the Mercedes was also unveiled at the Los Angeles Auto Show. Using an extremely highly-tuned four-cylinder turbocharged engine similar to that first seen in the A 45 AMG hatchback, the GLA 45 AMG produces enough muscle to fire itself to 62mph in ‘less than five seconds’, according to Mercedes.

Aston Martin LOST £24.6 million in 2012

The Aston Martin Vanquish (pictured) launch in 2012 contributed to AML’s losses We reported just the other day that Aston Martin had axed the Cygnet after woeful sales, and it’s not just the Cygnet that hasn’t been selling well. In fact, Aston Martin sales in 2012 – 67,500 units – was still 42,500 down on its pre-recession sales levels of 110,000 cars in 2007 and that lead to yet another loss. Aston Martin has posted pre-tax losses for 2012 of £24,6 million on sales of £461.2 million for 2012, a worsening position over 2011 which saw losses of £21.2 million.