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Ford cuts CEO's compensation 37%

Ford Motor Co. CEO Alan Mulally earned $13.57 million in total compensation in 2008, a 37 percent decline, as the automaker avoided seeking a federal bailout while posting a record loss. Mulally will take an additional 30 percent cut in salary this year and next as he battles a global financial crisis and the worst U.S.

Bruce Weiner Micro Car auction: Day two wrap and results

With the crowd shuffling out of the Bruce Weiner Micro Car Museum after day one of RM's sale, Autoweek contributor Dave Kinney looked over to RM's Ian Kelleher and complimented him on a strong first day. Kelleher smirked and said that he expected that day two would be even better. He was right.

LA Motor Show: Honda brings mass-volume hydrogen power closer

HONDA has showcased its next generation hydrogen fuel cell technology, which is the first to fit entirely within a traditional engine bay. A 60% increase in energy density and a 33% reduction in size have jointly allowed the creation of the new Fuel Cell Electric Vehicle (FCEV) concept, which has a range of roughly 300 miles and can be refuelled in about three minutes. With all its components in a single location, the FCEV benefits from huge freedom in design for the rest of the car.