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Ford speeds up effort to cut vehicle platforms

Ford Motor Co. is accelerating its One Ford global product development plan by reducing its target for vehicle platforms worldwide to nine from 11 previously, and by moving the target date up to 2013 from 2014, global marketing chief Jim Farley said Wednesday. "It won't be 11 platforms" as earlier planned, Farley said at the Automotive News World Congress.

New car sales soar to 10-year high

NEW CAR sales soared in March, with the new 14 number plate helping registrations reach their highest monthly total for 10 years. A total of 464,824 new cars were registered last month - a rise of 17.7% on the March 2013 figure and the best since 466,954 were registered in March 2004, the Society of Motor Manufacturers and Traders (SMMT) said. The March 2014 and March 2004 figures represent the best two months for new sales since 1999 when the motor industry abandoned the August once-a-year number plate change in favour of twice-a-year changes in March and September.

1957 Ferrari Testa Rossa could break auction record at Pebble Beach

Auction house Gooding & Co. will offer up two legendary sports-racing cars--a 1957 Ferrari 250 Testa Rossa Prototype and a 1963 Shelby Cobra 289 Factory Team Car, one of which might set a record price for a car sold at auction--at Gooding's sale Aug. 20-21 during the Pebble Beach Concours d'Elegance.