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Ford slows rate of cash burn in posting $1.4 billion net loss
Fri, 24 Apr 2009Ford Motor Co., the only U.S. automaker operating without federal bailout loans, burned through $3.7 billion in cash during the first quarter in posting its fourth straight quarterly loss. Ford slowed the burn rate from the fourth quarter of 2008, when cash declined by $5.5 billion.
Aston Martin teases new car – could this be the ‘Final Edition’ V12 Vantage? (video)
Sat, 25 May 2013This tease image from the Aston Martin video appears to show a V12 Vantage outline We reported recently that Aston Martin had told its dealers to stop taking orders for the V12 Vantage Coupe, which we took to mean the Vantage is coming to the end of its shelf life, at least in its current iteration. But a tease video Aston Martin has released for a new car perhaps – ‘Coming Soon’ – points to a final edition version of the V12 Vantage Coupe before it gets put out to grass. The video (below) does show what appears to be a V12 Vantage; it’s the right shape, it has bonnet vents, bits of carbon fibre and an exhaust that sounds about right.
Toyota Prius Recall: 5,000 UK cars affected – 242,000 worldwide
Wed, 05 Jun 20135,000 2009 Toyota Prius (pictured) are being recalled Toyota has had a bit of a nightmare with recalls in recent years, and the news that they’re now having to recall 242,000 Prius models from 2009 worldwide is another financial, and logistical, problem for Toyota. But in truth, the recalls are about car makers now taking responsibility for faults in their cars which become apparent long after warranties have expired, and that’s no bad thing. The Prius models affected are those built between March 2009 and October 2009 (you can check if your car is affected here) and the UK has 4,947 cars on the road that need to be looked at by Toyota’s dealers.