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Bill Ford steps down

By Angus Fitton Motor Industry 06 September 2006 08:50 Bill Ford is set to step aside as chief executive of Ford Motor Company. Replacing him is 61-year-old Alan Mulally, previously the boss of Boeing's commercial aircraft division. Ford stepped down as part of a major management reshuffle designed to reverse the ailing fortunes of the world’s third largest car manufacturer.

Koenigsegg Agera One:1 heading for UK debut at Goodwood Festival of Speed

The Koenigsegg Agera One:1 is heading for Goodwood It was back in 2012 that we exclusively revealed the first official details of the Koenigsegg One:1, the most extreme car Koenigsegg has produced. Since then, Christian von Koenigsegg and his team have not only built the Agera One:1, but they managed to sell them all first at a price that makes grown men weep and officially revealed it back in February. Since then, Koenigsegg have been busy showing off the One:1 in a series of videos and giving the One:1 its first public outing at the Geneva Motor Show in March.

Panasonic invests $30 million in Tesla Motors to develop batteries

Japanese electronics giant Panasonic Corp. said late Wednesday it invested $30 million in Tesla Motors Inc. to cooperate on green powertrain development.