By Tim Pollard
Motor Industry
25 June 2014 14:52
Ford of Europe will stem its huge 10-figure losses and return to profitability in 2015, president Stephen Odell vowed this week. Talking to CAR at the global launch of the Ford Edge in Cologne, Germany, Odell vowed that heavy losses would be reversed by the sweeping Ford of Europe turnaround plan whose fruits would be borne over the next 12 months. Ford lost $1.6 billion in Europe in 2013 - the third straight year of red ink flooding the region.
Kia has scooped four awards in the first-ever Automotive Brand Contest. Organized and promoted by the German Design Council, the new international brand and design competition announced the winners on 22 July. The Automotive Brand Contest honors achievements in the fields of brand management, brand communication and design in the automotive area.
Lamborghini Gallardo LP 550-2 Spyder arrives at LA Auto Show
We’ve been expecting a drop-top version of the rear-wheel drive Gallardo – which first saw the light of day as a Balboni Limited Edition – for a while. And what better place to debut the Lamborghini Gallardo LP 550-2 Spyder than in a place where the sun always shines? So Lamborghini arrives at the L.A Motor show with a car that could have been built for California.
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