Ford in the red with £213m losses October 21, 2005 Ford fell into the red as losses in its key North American division increased and sales of high-margin sport utility vehicles dropped. The world’s third largest automaker, which is facing a deepening financial crisis, reported its third quarter results yesterday. It announced a $377m (£213m) pre-tax loss compared to a $718m (£406m) profit the previous [...]
Bugatti Power October 19, 2005 Veyron keyed up for super speeds YES, YES, yes, yes, yes, yes, yes, yes please can I have one?! This is the long-awaited Bugatti Veyron which has the most amazing statistics of any production car I’ve ever come across. Its engine is a massive eight litres, it has 16 cylinders, four turbos, and seven gears. [...]
GM agrees union deal as losses soar October 18, 2005 General Motors, the world’s biggest automaker yesterday said that it had agreed a deal with the United Auto workers union to slash its healthcare costs. The announcement came as GM revealed widening losses for the third quarter of $1.6bn (£910m), or the equivalent of $2.89 per share. Chief executive of the embattled group, Rick Wagoner, [...]