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Magazine names Ford's Alan Mulally top CEO

Ford Motor Co. CEO Alan Mulally has been named CEO of the Year by Chief Executive magazine. What set Mulally apart, according to the selection committee, was not only leading the turnaround of an American icon without the government bailout funds given to its competitors, but also a mix of other behaviors and accomplishments.

VW and Chinese ‘in talks to buy Vauxhall/Opel’ from GM

GM is considering selling its loss-making European operations, it emerged tonight. If it goes ahead and severs ties with GM Europe, the General would cede control of Vauxhall and Opel, the second biggest car brand in the UK.And in another extraordinary twist, CAR has confirmed that top-level talks have been taking place between Volkswagen and the German government, which is keen to avoid Opel falling into foreign hands. Chinese car makers are circling but Chancellor Angela Merkel, who has close connections to Volkswagen chief Martin Winterkorn, would prefer VW to step up to the plate as a potential buyer than a Chinese brand.

Volvo teases new Concept ES ahead of 2014 Geneva Motor Show

Volvo Volvo has released these mysterious teaser shots of its new Concept ES show car ahead of the 2014 Geneva Motor Show. Although largely covered in a dustsheet - annoyingly - we can still see the first details of the new car, which has the silhouette of a long shooting brake. It's also the first confirmation of the name of the car: Concept ES harks back to the 480 ES of the late 1980s, which gave Volvo a distinctive coupe with pop-up headlamps and an unusual rear end (see below).