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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.

Video: Road & Track presents The Five Minute Car Design with Tom Matano

Tom Matano – designer of the Mazda MX-5 and executive director of industrial design at Academy of Art University – is the subject of Road & Track's second ‘The Five Minute Car Design' video feature. The R&T crew headed to Matano's design studio and asked him to create his ideal sedan in just five minutes before destroying it at the end of the film. This latest video is the second in the series, which started with Ian Cartabiano from Calty Design in California design and destroy his ultimate sports car.

Subaru’s WRC Impreza rally car (2008): first pictures

By Nick Gibbs First Official Pictures 21 May 2008 09:37 Subaru has surprised the rally world by announcing it will launch its new WRC Impreza at next week’s Acropolis Rally in Greece, two events earlier than expected. The Prodrive-developed five-door WRC car, which is based on Subaru’s hatchback Impreza, uses the same 2.0-litre turbo engine that powered the old rally car, but does away with the traditional yellow lettering in favour of Subaru’s silver and white corporate logo. Hardcore fans panic not: the blue paintwork and iconic gold wheels stay.