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Ford of Europe turnaround plan 'on track'

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.

Bertone may sell Nuccio supercar concept to Chinese collector

Italian design and engineering firm Bertone is in talks with a Chinese car collector to sell its one-off Nuccio supercar. "We are currently in close negotiations with a Chinese collector who wants to buy the Nuccio," Bertone CEO Marco Filippa told Automotive News Europe at the Beijing motor show. The asking price for the Nuccio, which took an estimated 15,000 hours to design, engineer and build, is about $2.64 million (2 million euros), Filippa said.

2012 BMW M5: The M5 tease begins

BMW M5 - the Tease begins It’s over a year since BMW officially revealed the latest 5-Series, and yet we still don’t have the halo of the range – the BMW M5. But that’s about to change. As we reported last month, we expect BMW to unveil the new 2012 M5 at the Shanghai Motor Show in April.