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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.

Mitsubishi PX-MiEV II: 2nd Gen PX-MiEV Plug-in Hybrid Crossover at Tokyo

Mitsubishi PX-MiEV II at Tokyo Motor Show As you’ve no doubt realised over the last year or two, Mitsubishi is trying to change from the maker of very able SUVs and quick saloons in to a fluffy bunny car maker by embracing hybrid and electric technology. Which is why we’re getting a second version of the Mitsubishi PX-MiEV at Tokyo. The original PX-MiEV from Mitsubishi arrived two years ago at the Tokyo Motor Show.

Dream – Cars of the Future Since 1950

The city of Turin has been celebrating as World Design Capital 2008 this year with a series of over 200 separate events and exhibitions. One of the highlights has been a series of three themed shows running throughout the year, entitled '20th Century', 'Speed' and 'Dream'; the final exhibition of this trilogy. Housed at the Giovanni Agnelli Espositione - the wonderful Nervi-designed hall on Corso Massimo D'Azeglio that used to host the Salone di Torino in the 1950s - 'Dream' is a fabulous exhibition but, regrettably, one that hasn't been well publicized outside of Turin city.