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Ford burns through $5.5 billion in 4th quarter as losses mount

Ford Motor Co., the only U.S. automaker operating without federal loans, burned through $5.5 billion in cash during the final three months of 2008 as losses mounted. Ford finished the year with cash reserves of $13.4 billion.

Interior Motives Design Awards 2011

After months of waiting, the Interior Motives Student Designer of the Year 2011 has finally been announced. At a glamorous awards ceremony at Frankfurt's Cocoon Club earlier this evening, the world's top designers and automotive journalists gathered together to watch Felix Godard from Strate Collège in France sweep to victory at the Interior Motives Awards, securing himself a total prize of $5,500 and one the most prestigious accolades in the world of automotive design. Launched earlier this year and themed ‘Back to Basics – Making Cars for People, Not Markets', this year's contest attracted entries from an incredibly diverse range of schools and nations, including Israel, the Czech Republic, Australia, Taiwan, Canada and China.

Porsche Panamera Turbo S – Shanghai debut

The Porsche Panamera Turbo S - to be revealed at the Shanghai Motor Show Just as we expected, the Porsche Panamera has turned out to be yet another cash cow for Porsche, following on from the very successful Cayenne and proving conclusively that’s it’s the passenger carrying Porsches that sell the best – and make the money. So far with the Panamera we’ve had everything from the £62k V6 Diesel through to the £102k Panamera Turbo, and we know the Panamera Diesel and the Panamera Hybrid are already in the pipeline. But now comes news of another Panamera variant – the Porsche Panamera Turbo S.