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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.

Audi to reveal 230hp S1

Audi is expected to reveal a 230hp quattro S1 at the Geneva Motor Show in March. The hot version of its A1 city car will be powered by the turbocharged 2.0-litre engine used in the Audi S3, and come with four-wheel drive as standard. On Bing: see pictures of the Audi S1 Find out how much a used Audi A1 costs on Auto Trader An Audi spokesman would not confirm the rumours, although the S1 is believed to have been spotted undergoing tests in Sweden.

2015 Porsche 911 Carrera GTS revealed – but not in Paris. Costs from £91,098

The new 2015 Porsche 911 Carrera 4 GTS (pictured) now on sale We had assumed that the lack of an appearance at the Paris Motor Show for the new Porsche 911 Carrera GTS meant Porsche had decided to leave the official reveal until later in the year. But here it is, and it’s going straight on sale. Having waited almost until the end of the 997’s life before launching a 911 GTS, this latest GTS is arriving much earlier in the 991’s lifecycle than you’d expect.