Cash-for-banger scheme dealt opening day blow May 18, 2009 BUSINESS secretary Lord Mandelson’s scrappage scheme was dealt a blow at its launch yesterday, as two of the scheme’s backers delayed registration of their new vehicles at the eleventh hour. The cash-for-bangers programme, designed to kickstart the ailing auto industry, gives motorists a £2,000 incentive when they trade in their old car for a new, [...]
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 [...]