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Ford's EcoBoost 1.0-liter finds home in Formula Ford

On Wednesday Ford won the 2013 International Engine of the Year for the second-consecutive time. The three-cylinder EcoBoost 1.0-liter in production trim delivers 123 hp and 148 lb-ft of twist. Here at the office we opined on what the best car would be to put the mighty mite in; we eventually settled on a Formula Ford open-wheeler.

Ford Verve Sedan

Just as Mazda is exhibiting a sedan version of the 2 at Auto Guangzhou, the automaker's parent company, Ford, is revealing a sedan version of the Verve concept. The second in a series of concepts that will culminate with yet another variant set to be unveiled in Detroit, this 'notchback' provides further insight to the future small car design direction for Ford. Ford's European design team, which created the Verve concepts, applied Ford's kinetic design philosophy and built on the look of its hatchback sibling.

Daimler takes 10 percent stake in EV maker Tesla

Daimler AG has acquired an equity stake of nearly 10 percent of California electric car maker Tesla Motors Inc., the German automaker said Tuesday. The two companies have been working together to integrate Tesla's lithium-ion battery packs and charging electronics into the first 1,000 units of Daimler's electric Smart car. Daimler said its stake in Tesla will allow the companies to collaborate even more closely on the development of battery systems, electric drive systems and in individual vehicle projects.