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Mercedes sacks U.S. boss Ernst Lieb
Tue, 18 Oct 2011Mercedes boss Ernst Lieb let go In a surprising move, Mercedes has upset its apple cart in America by sacking its CEO, Ernst Lieb. It’s hard to work out why Leib has been given the heave-ho, especially considering Mercedes USA is riding high at the moment on the back of strong sales and well-received models in the U.S. Under Lieb’s leadership Mercedes has enjoyed sales up 10.4 per cent for this year, a performance that is outstripping the market as a whole.
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.
Mini Superleggera Vision Concept – a very different MINi Concept – at Villa D’Este
Sun, 25 May 2014The Mini Superleggera Vision Concept (pictured) is a Villa D’Este special We’ve had our fill of VW Group concepts for Worthersee – like the Skoda CitiJet, Yeti XTreme and Audi A3 Clubsport - this last week, but now we’ve got a concept from MINI that isn’t just the usual slightly left-field take on a regular MINI, but a real original to grab our interest – the Mini Superleggera Vision Concept – and it’s heading to Villa D’Este. Built in collaboration with Touring Superleggera – which has built stunning concepts like the Alfa Romeo Disco Volante - the new MINI is a retro-looking small roadster with lots of historic design cues but with an EV powertrain under its clothes. There’s a fin on the back that looks like a Jaguar D Type, a pair of swage lines down the side, a long bonnet, a back end that has a hint of Aston Martin and even Union Jacks in the tail lights.