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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.

General Motors to offer car sharing via mobile app and OnStar

General Motors has partnered with a San Francisco-based start-up company named RelayRides to enter the car-sharing business. In early 2012, GM vehicle owners in California will be able to use the OnStar system to rent out their cars when they aren't using them. The service will available nationwide for OnStar subscribers by the end of the year.

Skoda Rapid SE Connect and Rapid Sport Limited Editions announced

Skoda Rapid SE Connect and Rapid Sport Limited Editions announced January isn’t the hottest sales month for car makers, so a limited edition or two to get footfall in car showrooms is a good idea. So Skoda has revealed a pair of Rapid special editions for the UK in the Rapid SE Connect and Rapid Sport to put a bit of extra fizz in sales. The Skoda Rapid SE Connect starts life as a a Rapid SE with the 85bhp 1.2 litre petrol engine and comes in either Brilliant Silver or Denim Blue with 16″ alloys, parking sensors, SatNav and DAB.