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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.

Subaru Impreza – the 2012 European one is revealed

Subaru will show this European-spec Impreza five-door at the 2012 Geneva motor show, as well as the BRZ sports car in European trim. This is the fourth-generation of the Impreza, but traditionalists expecting a return to the four-door saloon format will be disappointed: it remains a five-door hatchback bodyshell. Subaru abandoned its distinctive four-door style for Golf-alike hatch style in the last generation.

CDN-GM Interactive Design Contest 2013 is launched with Chevrolet design brief [w/Video]

The CDN-GM Interactive Design Contest is now open, so it's time to pick up your pencils, sketchbooks and tablets for the chance to win one of four three-month paid internships at one of GM's design studios.  Open to all full-time college or university students with at least one term left from across North America, this contest is a great chance to get noticed by one of the world's biggest carmakers and be used as a springboard for your car design career. You have until 1 November to submit your designs, but judges want to see your progress as well your final entry. They will be looking for proof of your thought process, project development and overall progress using customer and market research as well as inspiration and mood boards.