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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.

Nissan's London taxi to be assembled in Coventry

NISSAN has announced that final assembly of its new NV200-based London taxi will take place in Coventry, contributing to a £6 million investment in a brand new facility. ADV Manufacturing will undertake the final production stage before each unit then heads for the streets of the English capital. Andy Palmer, Chief Planning Officer and Executive Vice President of Nissan Motor Corporation, revealed the news as part of his address to students at Coventry University, where he was delivering the prestigious Bugatti Lecture on the future of motoring.

GM posts wider loss, burns through $5.2 billion in cash

General Motors, battered by a global economic collapse and buoyed by U.S. rescue loans, posted its sixth straight quarterly loss and burned through $5.2 billion in cash as revenue shrank by more than a third. The net loss of $9.6 billion in the fourth quarter compares with a loss of $1.5 billion a year earlier.