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Who's Where: Martin Smith joins Ford Europe design team

Martin Smith has been appointed as Executive Director of Design at Ford Europe. Smith, a native of Sheffield, England, brings a wealth of design experience to Ford, having held positions at Porsche, Audi, and most recently as Director of Design for Opel/Vauxhall. In his new position, he will report to product development chief, Derrick Kuzak and to Ford's global group vice president for Design, J Mays.

Saab says asset sale to BAIC gives it cash for a fresh start

Saab believes that a deal to sell some key assets to Beijing Automotive Industry Holdings Co. will help secure the money-losing automaker's future. "The money will finance the new Saab and contribute to a good start under new ownership," Saab spokeswoman Gunilla Gustavs said without revealing financial details of the deal.

Toyota aims for a comeback, shuffles execs

Toyota, unveiling a new business plan to double operating profit by 2015, will remove its head of North America from a downsized board and promote Canada chief Ray Tanguay to be its highest non-Japanese executive. Yoshi Inaba, 65, continues to lead Toyota North America and Toyota Motor Sales U.S.A. while becoming one of 18 directors to lose board seats.