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Ford collaborates with DIY workshop for Detroit location

Detroit inventors will soon have access to the ultimate do-it-yourself workshop. Having joined forces with Ford, TechShop is scheduled to launch one of its open-access facilities in the Motor City this winter. The facility will provide artists and inventors with machinery they might not otherwise have access to, like sheetmetal equipment, CNC plasma cutters and three-dimensional printers.

Guinness returns fastest production car world record to Bugatti

The Bugatti Veyron Super Sport is back as the “Fastest Production Car” after Guinness World Records looked deeper into the claim, and decided that Bugatti's eliminating the speed limiter in order to set a record did not bar the vehicle from holding the title. “The focus of the review was with respect to what may constitute a modification to a car's standard specification,” said Guinness in a statement. “Having evaluated all the necessary information, Guinness World Records is now satisfied that a change to the speed limiter does not alter the fundamental design of the car or its engine.” Now the company owns both the open- and closed-top speed records with the Veyron Grand Sport Vitesse and the Veyron Super Sport.

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.