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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.
Barrett-Jackson Palm Beach auction rakes in $18 million
Tue, 10 Apr 2012Barrett-Jackson's Palm Beach auction concluded on Sunday with more than $18 million in sales at the South Florida Fairgrounds. A 2011 Ford Mustang Shelby GT500 crossed the block for $1,000,000. That sale benefited the Wounded Warrior Family Support charity, which is not to be confused with the Wounded Warrior Project.
BMW 7-series facelift (2012) first pictures
Mon, 28 May 2012BMW has given the 7-series the mildest of mid-life facelifts for 2012 – with a series of cosmetic tidy-ups, fettled engines, extra kit and the UK's first hybrid 7-series. The ActiveHybrid7 isn't the most expensive 7-series (that's the 760Li at £101,805), but at £66,040 the petrol-electric saloon is some £8k pricier than the biggest-selling 730d. As the diesel is also cleaner and more economical, we suspect the hybrid Seven will remain a niche seller over here.