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Ford of Europe turnaround plan 'on track'

By Tim Pollard Motor Industry 25 June 2014 14:52 Ford of Europe will stem its huge 10-figure losses and return to profitability in 2015, president Stephen Odell vowed this week. Talking to CAR at the global launch of the Ford Edge in Cologne, Germany, Odell vowed that heavy losses would be reversed by the sweeping Ford of Europe turnaround plan whose fruits would be borne over the next 12 months. Ford lost $1.6 billion in Europe in 2013 - the third straight year of red ink flooding the region.

Aston Martin dealer toasts record March

ASTON MARTIN Works is raising a glass this month after a record March that saw its best monthly sales results yet. The special showroom for the iconic British firm saw the extreme V12 Vantage S and the extremely beautiful Vanquish Volante lead the way in sales, with well-to-do buyers racing to place orders for the earliest deliveries of the two newest Astons. Based at the historic home of Aston Martin in Newport Pagnell, Buckinghamshire, Aston Martin Works has for almost 60 years been home to either the factory or, more recently, the brand’s specialist heritage, restoration and servicing operations.

Chrysler, Hyundai set pace as auto sales rise 11 percent

Chrysler Group, Volkswagen Group, Hyundai and Kia set the pace as U.S. light vehicle sales rose 11 percent in January from a year ago, signaling the industry's recovery is gaining traction. Chrysler's sales advanced by 44 percent last month, and volume climbed 40 percent at the Volkswagen Group.