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Ford cuts CEO's compensation 37%

Ford 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.

Design Contest: Car Design Awards China 2011 launches

阅读本文中文版本请点击这里 CDN is pleased to announce the 2011 Car Design Awards China, a competition for students in China that aims to encourage the development of the next generation of domestic talent. The Awards are open to students of any discipline who are studying full-time at a college in China. They work to briefs set by OEMs, and their entries will be judged by a panel of distinguished senior designers whose career backgrounds are both inside and outside China.

Jaguar XKR-S (2011) at 2011 Geneva motor show

Jaguar has turned up the power and sharpened the handling on the flagship XKR coupe for the 2011 Geneva motor show. The result: the XKR-S, claimed to be the fastest production Jaguar sports car ever. For 2011, Jaguar is returning the XKR-S to the top of the XK range. CAR readers may recall the well regarded 2008 limited edition that last carried the badge.  The XKR-S has an uprated version of the 5.0-litre supercharged V8 found in the standard XKR. Power moves up to 542bhp (from 510bhp), and torque swells to 501lb ft (up from 461lb ft) thanks to lots of ECU tweakage.