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CAR scoop: GM's $13 billion gamble (2013)

By Ben Whitworth Motor Industry 30 September 2013 09:45 GM Europe has racked up enormous losses every year since 1999; in 2012 it bled $1.8 billion while GM North America earned $6.9 billion before tax. Yet the Detroit mothership continues to pump billions into its European division, like a deluded gambler convinced his luck will change. Max Warburton, automotive analyst at Wall Street researcher, Sanford C.

Volkswagen Brands – enough for now

VW boss Martin Winterkorn says Volkswagen has enough brands Volkswagen seems to be on a world domination plan. Audi is expanding with every passing day and the VW Group (Auto Union to be) has an unrivalled list of brands under its umbrella, including Audi, SEAT, Skoda, Bentley, Lamborghini, Bugatti and of course VW itself. It also recently effectively took control of Porsche (after the failed efforts by Porsche to take control of VW) and has just announced a near 20% stake in Suzuki.

Ford Kuga launched in Australia – but it’s the old Kuga

The old Ford Kuga is the new Ford Kuga in Australia In what seems an odd move, the current Ford Kuga has been launched in Australia, just weeks from the debut of the 2012 Kuga in Geneva. You can’t have failed to notice that the 2012 Ford Kuga is just round the corner – and due to debut at Geneva in March – and we’ve already seen most of what the new Kuga has to offer with the debut of the new Ford Escape at Los Angeles last November. But despite the world readying itself to put in an order for a new Kuga, our Antipodean cousins are only now getting the chance to buy a Kuga, but its not the all new Ford Kuga, rather the Kuga we’ve had for the last four years.