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Ford lines up Mark Fields to succeed Alan Mulally

Ford Motor Co. has named Mark Fields its chief operating officer, putting him in line to succeed CEO Alan Mulally when he retires no sooner than the end of 2014. The appointment of Fields, 51, who has been president of Ford's Americas unit, was part of a sweeping overhaul of executive ranks unveiled Thursday.

Jeep rolls out blacked-out Grand Cherokee 'concept'

Jeep rolled out a new trim package for the Grand Cherokee on Wednesday and is running a contest on the Internet to give it a name. For now, Jeep bills the new Grand Cherokee as a concept but says it anticipates bringing it to showrooms this spring--timing that implies that the production decision has already been made. The concept starts with the four-wheel-drive Grand Cherokee Laredo X package, then adds blacked-out trim, a mesh grille and 20-inch aluminum wheels painted in gloss black.

Factory Five Body Design Competition

Following in the footsteps of Local Motors, Factory Five is set to launch an open-sourced design contest to design its next car. Up until now, the Massachusetts-based company is famed for its Type '65 Shelby Cobra Coupe replicas and its GTM racecar. Teaming up with Grassroots Motorsports Magazine, Factory Five is now launching the design contest to design the bodywork for its latest project: a Subaru Impreza-engined, rear-wheel-drive two-seater that is expected to sell for under $9,000 in kit form, or $15,000 as a complete car.