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Ford lines up Mark Fields to succeed Alan Mulally

Ford Motor Co. has named Mark Fields its chief operating officer, putting him in line to succeed CEO Alan Mulally when he retires no sooner than the end of 2014. The appointment of Fields, 51, who has been president of Ford's Americas unit, was part of a sweeping overhaul of executive ranks unveiled Thursday.

Saab targets customers' hearts, brains and wallets in North America

Saab executives said they're optimistic the struggling brand will be able to attract customers despite production stoppages at the company's Trollhaettan, Sweden, plant and cash flow problems. The Swedish automaker aims to target consumers and instill confidence with a grass-roots marketing campaign that focuses on the "heart, brain and wallet," Saab Cars North America President Tim Colbeck told reporters at Saab's North American headquarters in suburban Detroit on Thursday. Colbeck said the company must move away from selling vehicles based on price and focus more on making customers enthusiastic about driving Saab's vehicles.

Redesigned 2013 Lexus LS offers new sheetmetal, safety features

Lexus Division unveiled its new LS 460 flagship luxury sedan that arrives in dealerships this fall, with standard and long-wheelbase editions, a hybrid version and a new F-Sport trim level with improved handling dynamics. Despite its sheet metal changes, the car is actually little changed underneath. Its 4.6-liter V8 engine and eight-speed transmission are basically carryover, at a time when luxury brands are using powertrain technology as a differentiating ploy.