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Ford cuts CEO's compensation 37%
Wed, 25 Mar 2009Ford 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.
Poll: Fiat Panda vs. GW Peri
Tue, 12 Aug 2008In China it may be considered flattery to copy another car company's design. In the European Union however, this is frowned upon. Last month a court in Italy ruled that the Great Wall Peri could not be sold in Europe as it was too similar to the Panda built by Fiat.
Driverless cars on UK pavements by 2015
Mon, 28 Oct 2013REX Driverless cars are starting to look less and less like science fiction and much more like a realistic vision of our near future – and now the first UK trial of the technology is set to start in Milton Keynes in 2015. But don’t go expecting a Ford Fiesta with a brain. Instead the Milton Keynes experiment will feature compact pods that you can hail via a smartphone app, zipping along pavements at up to 12mph.