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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.
2011 BMW 1 Series Facelift
Thu, 16 Dec 2010The BMW 1 Series Coupe & Convertible get a 2011 Facelift To be entirely accurate, the 2011 BMW 1 Series Facelift isn’t across the board – at least not yet. What we are getting – at the Detroit Motor Show next month – is a modest refresh to the cosmetics on the BMW 1 Series Coupe and BMW 1 Series Convertible plus a bit of an oily tweak. On the cosmetic front the 2011 1 Series gets some new light front and back – headlight tweaks, L-shaped tail lights and LEDs front and back – and a new splitter that BMW says creates an air curtain to improve CO2 and reduce drag.
2014 European Car of the Year shortlist announced
Mon, 16 Dec 2013Established in 1964, the European Car of the Year award was set up to celebrate a “single, decisive winner” each year among all new cars in Europe. So, now running into its fiftieth year, the shortlist for the landmark half-century award for the European Car of the Year 2014 has been announced. The seven runners and riders boast among them an interesting and varied mix of bodystyles, shapes, sizes and even powertrains.