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New car sales in Cuba soured by 400-percent markups

While most analysts expected Cuba's lift of a decades-long ban on the sale of new cars to come with an asterisk or five, few could have predicted that the internationally hailed move would immediately turn out to be a mirage. Private car sales in Cuba have been heavily regulated by the government since 1959, and imports had been banned almost entirely. On Jan.

MINI Inspired by Goodwood: The MINI Rolls Royce arrives

MINI Inspired by Goodwood - the MINI Roller arrives The MINI by Rolls Royce has been coming for a long time. We first spied the Rolls Royce MINI back in 2009 and even then we were told it would become a production model. Well, it’s taken a while, but the MINI Inspired by Goodwood (for Goodwood is where BMW build the Rolls Royce) will debut at Shanghai this month and then go in to production with firts cars expected to arrive in early 2012.

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.