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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.

Volvo S60 concept

This is the first look at the new S60 concept Volvo plans to reveal at the Detroit Auto Show in January. The concept gives an indication of what the new sedan will look like when it's launched in 2010. The new car's coupe-inspired silhouette follows on from the original S60's and is also underlined by entirely new shoulder contours and a gentle double wave that runs from headlamps to taillamps.

Abarth Fiat 500 Convertible confirmed. Punto Abarth coming?

It looks like plans for an Abarth version of the 500C for 2010 are confrmed But a successful model is always going to spawn whatever variants a car maker can viably muster, so our report in July that we will see an Abarth version of the 500C in Spring 2010 – probably at the Geneva Motor Show – now seem to have been confirmed as ‘jokeforblog’ has published pictures of what seems to be a road-ready Abarth Convertible at Abarth’s facility. Now that will be a bunch of fun – and just in time for next Summer. Spy shot of the Abarth 500 Cabriolet It also now seems likely that Fiat are pushing ahead with a new Abarth version of the Punto.