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Mark Fields replaces Alan Mulally as Ford CEO
Fri, 02 May 2014Ford Motor Co. named Mark Fields to replace Alan Mulally as CEO on July 1, handing the reins to a 25-year company veteran after being saved by an auto industry outsider. “From the first day we discussed Ford's transformation eight years ago, Alan and I agreed that developing the next generation of leaders and ensuring an orderly CEO succession were among our highest priorities,” Executive Chairman Bill Ford said in a statement.
FCA issues warning on logbook loans
Fri, 06 Jun 2014VULNERABLE people who use their car as security to take out a loan are finding themselves squeezed even harder financially and even threatened, the City regulator has found. The Financial Conduct Authority warned it will put firms offering logbook loans out of action if they do not "dramatically" improve their standards, after finding evidence of poor behaviour including little or no affordability checks being carried out and some applicants being encouraged to manipulate details of their income. It said lenders are failing to properly spell out exactly how expensive such debts will be, with the true cost often masked by an emphasis on "low" weekly repayments and key terms and conditions buried in small print.
Watch the Jaguar F-Type Coupe live stream ahead of its LA Auto Show reveal
Tue, 19 Nov 2013Promising a "breath-taking and dramatic sequence from a secret location in Los Angeles," Jaguar's PR handlers have offered a worldwide look at the unveiling of the new F-Type Coupe ahead of its LA Auto Show debut. The show starts Tuesday, November 19 at 10 pm EST (7 pm Pacific), and you'll be able to watch the entire presentation right here, so stay tuned!