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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.

Ferrari apologises for 458 burning rubber on Great Wall of China (video)

Ferrari 458 'damaging' the Great Wall of China Ferrari hired a section of the Great Wall of China for a publicity event, but an employee damaged the Great Wall by burning rubber in a 458 Italia. China is a very big deal for Ferrari, as evidenced not only by rising sales but by the special editions Ferrari sells in to the burgeoning luxury car market in China, like the 458 Italia China Special Edition. Sot it’s no surprise that Ferrari wanted to hire out a section of the Great Wall from local authorities in China for a bit of an ‘event’.

Exclusive: Derek Jenkins to become Design Director at Mazda

Derek Jenkins, former chief designer at the Volkswagen Group design studio in Santa Monica, will become the new Director of Design at Mazda's R&D Design Center in Irvine, CA. Jenkins, who resigned from Volkswagen on March 17th, will be filling the position previously held by Franz von Holzhausen, who left Mazda in August last year to become Design Director at Tesla Motors. "I'm excited to take on something new," Jenkins told CDN.