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Ford offers $1m of design scholarships in memory of William Clay Ford

Ford Motor Company has put aside $1million to be awarded in automotive design scholarships over the next 20 years in order to commemorate the life of William Clay Ford who passed away on Sunday. The Ford Fund will release $10,000 each to five college sophomores or juniors per year who are following a career in car design. William Clay Ford was the last surviving grandchild of company founder Henry Ford and design was his lifelong passion.

Fisker to face Congressional committee probe

Henrik Fisker's congressional testimony on Wednesday before the House Oversight and Government Reform Committee will paint the automaker he founded as a victim of "a confluence of events" and as a still-salvageable enterprise. Fisker, who resigned from Fisker Automotive on March 13, is among the automaker and government representatives scheduled to appear before Congress to answer questions regarding $193 million in Department of Energy loans made to the company. Fisker Automotive has appeared to be on the brink of filing for bankruptcy for the past few weeks.

New Datsun makes its first appearance

The first new Datsun in a generation )pictured) will be revealed on July 15th As we reported in 2012 Nissan, having spent countless hundreds of millions replacing the Datsun name with Nissan on its cars a generation ago, decided to revive the Datsun brand for a new range of affordable cars for emerging markets. It looks like the new Datsun – codenamed K2 – will be a mix of the current and last generation Micra with new styling and pitched at around £3500 when it launches in the Indian car market. With the same – but de-tuned – 1.2 litre petrol engine as the Micra, the new Datsun is aimed at cars like the Indian market Hyundai i10 and Maruti, and sales are expected to start in early 2014.