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Kia Optima 2011 revealed

The 2011 Kia Optima will replace the Kia Magentis in the UK A week or two ago we reported on the first info on the 2011 Kia Magentis we expected to see at the New York Motor Show this week. But because we thought that Kia would change the name before bringing it to the UK and Europe, we headed that story up with both the Optima and Magentis moniker. But not this time.

Ikuo Maeda to replace Laurens van den Acker as General Manager of Design at Mazda

Ikuo Maeda has been appointed General Manager of Mazda Motor Corporation's Design Division. He replaces Laurens van den Acker, who has decided to leave Mazda to pursue other interests. Following on from the successful tenure of van den Acker, Maeda will lead the Japanese automaker's global design team and be responsible for the overall design and styling of Mazda's global products.

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.