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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.

TrueCar announces women's racing initiative

TrueCar, publishers of new-car-transaction data, revealed plans for a multiyear push into motorsports sponsorship but with a twist. TrueCar will throw its money behind female racers in premier series and up-and-coming ones in numerous development series. "TrueCar is built upon the foundation of empowering individuals with the tools and resources they need to become expert car buyers," TrueCar founder and CEO Scott Painter said.

2014 Michelin Challenge Design jury meets to select winners

The 2014 Michelin Challenge Design judging panel has selected the top three entries of its ‘Driven/Undriven' contest after an intense two-day session at the Petersen Automotive Museum in Los Angeles. On the first day, the jurors discussed each individual submission before whittling them down to just 15 finalists. Their work will be presented at the North American International Auto Show (NAIAS) in Detroit in January 2014 as part of the Michelin Challenge Design exhibit.