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Ford to cut Australian manufacturing in 2016

Ford Motor Co., saddled with high costs, falling sales and financial losses, will close Australian car and engine assembly plants in October 2016 after almost nine decades of manufacturing in the country. Ford, the smallest of the country's three manufacturers after Toyota Motor Corp. and General Motors, will shut its assembly plant in Broadmeadows in northern Melbourne and an engine plant in Geelong to the west of the city, Ford Australia CEO Bob Graziano said.

Rubens wins in Valencia

Rubens Barrichello celebrates with Ross Brawn after winning the European Grand Prix Rubens has had a moan or two about his team lately, but he had nothing but praise for them as he held on to the lead he took after Hamilton in the McLaren had a pit stop from hell – when his tyres stayed in the pit garage rather too long – and drove like the veteran he is. Button, on the other hand, managed to throw away his grid position at the start and spent the whol;e race playing catch-up. He managed to finish in seventh – for a very valuable two points – but hge was never in contention.

Coda to price electric compact sedan at $44,900

Coda Automotive Inc. will begin delivering the first of its electric compact sedans in December priced at $44,900 before federal and state incentives. With federal incentives, the starting price will be $37,400, and with California state incentives, the price could be as low as $32,400.