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See why Ford is celebrating
Mon, 06 Jan 2014Nearly 1.4 million F-series trucks, Escapes and Fusions helped make Ford Motor Co. the industry's biggest market-share gainer in 2013 as the company turned in one of the most profitable years in its history. Ford added almost half a point of U.S.
GM Europe weeks from running out of cash
Tue, 03 Mar 2009By Phil McNamara Motor Industry 03 March 2009 19:03 GM Europe will run out of cash ‘early in the second quarter’ of 2009, unless the divison secures $3.3bn in funding from European governments. Speaking today (Tuesday 3 March), GM chief operating officer Fritz Henderson revealed that insolvency loomed, due to the plunge in European car sales and GM’s liquidity crisis in North America. He ruled out a swift cash injection from private investors, saying that no talks had taken place and that lengthy negotiations and due diligence would take too long.
Cadillac Elmiraj concept (2013)
Fri, 16 Aug 2013Cadillac has revealed its Elmiraj grand coupé concept, which showcases its plans for its next-generation flagship sports models. The four-seater concept – which measures in at 5,207mm long, 1,930mm wide and 1,397mm high – was designed at General Motors' advanced design studio in North Hollywood, California, under the direction of Frank Saucedo and is an evolution of last year's Cien concept. Mark Adams, Cadillac design director, says, "Elmiraj advances Cadillac's provocative modern design and performance, contrasted with bespoke craftsmanship and luxury.