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Hyundai steps up new model push

By Phil McNamara Motor Industry 11 September 2006 10:45 Hyundai's bid to gatecrash the world's top five car-makers will continue with two crucial new models: a seven-seat SUV and a mid-size hatch. In 2007, the aggressive Korean car maker will wade into Europe's biggest market – the C-segment – with a family hatch, and launch a big, seven-seat crossover SUV Stateside. The crossover – captured here by our spy photographers – will be named Veracruz, continuing Hyundai's habit of adopting Mexican names.

Ferrari celebrates 8 million Facebook Fans with a 458 burnout

Ferrari Facebook 8 Million Video More celebrations by car makers hitting social media milestones, this time Ferrari celebrates 8 million Facebook fans with a 458 burnout. We do wonder how long the latest car maker PR stunt of celebrating social media milestones will continue, but if it gets coverage – like this – the answer is probably that it won’t stop – ever. Yesterday we had AMG celebrating a rather small 2 million YouTube views with a blat in a C 63 AMG Coupe round Laguna Seca, and today we get treated to a Ferrari 458 Italia strutting its stuff to celebrate a far more significant 8 million Facebook Fans (or should that now be Facebook ‘Likes’?).

Ford posts $2.4 billion profit

Ford Motor Company reported a profit of $2.4 billion on revenues of $35.5 billion, excluding Volvo, during the second quarter, the automaker said Tuesday. A year ago, Ford posted net profits of $2.6 billion on revenue of $35.07 billion, including Volvo. Excluding Volvo, Ford's revenue in the second quarter of 2010 was $31.3 billion.