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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.

Hyundai reveals i-oniq concept teaser

Hyundai has hinted at its future design direction with this single teaser shot of its ‘i-oniq’ concept car. Further details will be revealed in the run-up to next March's 2012 Geneva show, but judging by this glimpse, the concept will take the form of a large coupe with a hatchback tail. It stops short of the full shooting-brake silhouette, but there’s a hint of Brera in the curvature of its rear end. ‘Two strong arched curves define the silhouette of i-oniq, creating a playful contrast between the sharp character lines and soft but muscular features’ says Thomas Bürkle, Hyundai’s European Chief Designer.

Celebrating Mitsubishi...mostly the Evo

Is Mitsubishi going to come back better than ever or has it overevved its corporate four-banger and sent a rod through its corporate head? Depends how you look at it. If you made your judgment solely by spending last Saturday at the Mitsubishi Owner's Day at company headquarters in Southern California, you'd think this carmaker was the greatest thing since overhead valves and forced induction.