1963-1967 Corvette Clock Clip on 2040-parts.com

Formula Drift readies for 10th anniversary

Just two weeks after selling more tickets than ever at its 2012 season-ending event at Irwindale Speedway in Southern California, Formula Drift announced special 10th anniversary plans for the coming 2013 season. “It's crazy,” Formula Drift co-founder Jim Liaw said of the series' and sanctioning body's first 10 years. “It's kind of gone by in a blur.” That would be because it went by sideways.

2014 fuel duty rise cancelled

Chancellor George Osborne has confirmed in his Autumn Statement that the proposed 2014 fuel duty increase has been cancelled. This means the scheduled 2p increase in tax on every litre of petrol will now no longer happen. On Bing: see pictures of petrol prices Tax disc to be scrapped after 93 years This fuel duty increase was due to come into effect on 1 September 2014, but thanks to savings elsewhere in public finances the government has called it off.

Mark Fields replaces Alan Mulally as Ford CEO

Ford 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.