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Noble saved by cash injection

By Ben Oliver Motor Industry 18 September 2006 09:30 British supercar maker Noble Cars has fought back from the brink, thanks to a cash injection from a new mystery backer. In an exclusive interview with CAR Online, boss Lee Noble vowed that the M15 – Noble's Ferrari fighter – would go on sale in early 2007. 'I have successfully teamed up with a dedicated owner who shares my commitment, passion and vision for the future of Noble cars,' said Noble.

Ford slows rate of cash burn in posting $1.4 billion net loss

Ford Motor Co., the only U.S. automaker operating without federal bailout loans, burned through $3.7 billion in cash during the first quarter in posting its fourth straight quarterly loss. Ford slowed the burn rate from the fourth quarter of 2008, when cash declined by $5.5 billion.

Alcraft and RCA announce design competition winner

Alcraft Motor Company has announced the winner of a design competition featuring students from the Royal College of Art (RCA) Vehicle Design program. The contest, which concludes a joint project exploring British design values and personalized vehicle design, challenged students to develop a personalized design package for Range Rover models. Winning student Jed Sheehan collected his award for his treatment of the flagship Range Rover, which Alcraft has transformed into a design study.