Cobra 5 1/2 Inch Round Jacket Patch on 2040-parts.com

Ford slows rate of cash burn in posting $1.4 billion net loss

Ford Motor Co., the only U.S. automaker operating without federal bailout loans, burned through $3.7 billion in cash during the first quarter in posting its fourth straight quarterly loss. Ford slowed the burn rate from the fourth quarter of 2008, when cash declined by $5.5 billion.

Early Mercedes sells for £720,000

ONE OF the oldest surviving Mercedes cars has sold at auction for an astronomical fee. The Mercedes Simplex 28/32 HPs Phaeton eventually sold for £720,000 at the Coys auction house True Greats sale in London. Still in complete and roadworthy condition, the car was reported to be in superb, drivable condition before its sale, which was the first time it had been auctioned in its near-109-year life.

Saab 9-X Air concept car (2008): first photos and video

By Tim Pollard First Official Pictures 18 September 2008 00:01 Saab has lopped the top off its 9-X show car to produce this – the new 9-X Air concept revealed today. No prizes for guessing that the aptly named Air is a convertible version of Saab's 9-X wannabe executive hatchback. The future 9-1 cabrio, in other words.