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Ford offers $1m of design scholarships in memory of William Clay Ford

Ford Motor Company has put aside $1million to be awarded in automotive design scholarships over the next 20 years in order to commemorate the life of William Clay Ford who passed away on Sunday. The Ford Fund will release $10,000 each to five college sophomores or juniors per year who are following a career in car design. William Clay Ford was the last surviving grandchild of company founder Henry Ford and design was his lifelong passion.

Mercury lives--on the auction circuit

James Dean famously drove one in Rebel Without a Cause, and perhaps Mercurys have never been cooler. That was more than 50 years ago and the brand is now on the verge of extinction. But as Plymouth, Pontiac and even Edsel have shown, some brands have legs that stretch long after new cars are gone from dealerships.

Ferrari California (2008): more details

By Ben Whitworth First Official Pictures 25 June 2008 14:01 Ferrari continues its tantalising drip feed of information and images on the new California, with new footage of the roof in action appearing on the car’s website (www.ferraricalifornia.com) today. The fully automatic electro-hydraulic folding metal roof is a two-piece unit that converts the coupe to convertible in just 14 seconds. When the roof is up, the boot has a 360-litre capacity, shrinking to 260 when the hard-top is folded away.