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Energy Department recovers $21 million from Fisker to pay back loans

The U.S. Department of Energy says it recovered $21 million in cash from struggling Fisker Automotive that will go toward repaying nearly $200 million in loans extended under a U.S. program to spur advanced vehicle development.

Ford Verve Sedan, F150 (2008): first official pictures

By Liz Turner Motor Shows 13 January 2008 18:48 The Mustang Bullitt GT is the cherry on top, not of a cake, but a pile of bread-and-butter products at Detroit that could save Ford. The Blue Oval has unveiled an all-new mighty F150, a four-door US version of the Fiesta-sized Verve concept seen at Frankfurt and a range of turbocharged direct-injection petrol engines, dubbed EcoBoost. Derrick Kuzak, group VP for global product development, told CAR Online that to truly reduce emissions you need a mass-production solution people can afford, and EcoBoost doesn’t need all the expensive and complex after-treatments for NOx and particulates needed by diesel to meet US regulations.

German Grand Prix 2012: Alonso on pole for Ferrari

Fernando Alonso put his Ferrari on pole in Hockenheim for the 2012 German Grand Prix, with McLaren trailing far behind. It’s not just the UK that offers F1 a wet experience, the 2012 German Grand Prix in Hockenheim did a very good impression of the British weather for today’s qualifying. Star of the show – once more – was Fernando Alonso who put his Ferrari on pole position for the second time in a row, comfortably beating second place Sebastian Vettel who was half a second slower, just in front of team mate Mark Webber.