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GM fires engineers, executives after ignition switch recall probe

Update: New story containing new information, additional details of terminations added. General Motors has dismissed 15 employees, including at least eight executives, after an internal investigation found “a pattern of incompetence and neglect” that led to 11 years of delays in recalling millions of cars for a fatal defect, CEO Mary Barra said today. Barra promised that the company would address future safety issues far differently, warning employees that failing to report risks would make them “part of the problem” and even inviting them to contact her directly if they couldn't get potential defects addressed themselves.

2016 Ford Focus RS hits the Nurburgring (video)

2016 Ford Focus RS hits the Nurburgring One car Ford has failed to produce in the latest Focus is the Focus RS, but that is set to change with plans for a new range-topping Focus RS hitting Ford’s showrooms in 2016, a year before the current Focus is due for an update. So it’s no surprise to see Ford starting to blat the new Focus RS round the Nurburgring – albeit using a Focus ST as a mule for the RS’s powertrain – ahead of a probable reveal late in 2015. Almost certainly powering the new Focus RS is the 2.3 litre EcoBoost from the new Ford Mustang, which gets 304bhp in the Mustang but which is expected to get as much as 345bhp in the new RS – as much as the old Focus RS500 managed.

Jaguar Land Rover raise £500 million to fund expansion

Jaguar Land Rover raise £500 million Jaguar Land Rover is raising £500 million on the bond market to fund its expansion, including new models and new facilities. Hot on the heels of the Jaguar Land Rover joint venture deal with Chery in China comes the news that Jaguar has dipped in to the private bond market to raise £500 million to help with its bold and bullish plans to make JLR a major world player in the premium vehicle sector. JLR plans to invest £1.5 billion a year on expansion and is making sure its coffers can cope by issuing £500 million of senior notes due in 2020, with the net proceeds of the bonds being used for general corporate purposes.