The second generation Ka will hit the Ford’s UK showrooms in January 2009 priced from £7,995, which is around $12,500 or €10,000 with today’s exchange rates. The Fiat 500-based mini is available with two engines, a 69HP 1.2-liter petrol unit and a 75HP 1.3-liter turbo diesel as well as four different trims. The entry-level “Studio” includes height-adjustable steering wheel, ABS brakes, driver and passenger front airbags and a six speakers CD radio with MP3 compatibility.

It can’t get any worse for Ford Motor Company - or can it? The American automaker today announced a third quarter net loss of $129 million which is actually smaller than the same period a year ago when FoMoCo lost $390 million. However, the company also posted a third quarter pre-tax operating loss from continuing operations (excluding special items) of $2.7 billion, down from a $194 million profit a year ago.