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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.

Mercedes SLS AMG: F1 Safety Car 2010

The Mercedes SLS AMG will be the F1 safety car in 2010 The new F1 season is close to kicking off, and we’ll get round to doing a preview of what’s happening at the start of the 2010 season once we’ve got Geneva out of the way (at least the first bit of Geneva  - the F1 season starts on 14th March in Bahrain so we’ll need to get round to it before then). But one bit of news that isn’t team or driver related is the announcement that the safety car for 2010 will be the Mercedes SLS AMG, replacing the car that’s done the job for the last two years – the Mercedes SL63 AMG. Surprisingly, the SLS AMG is the most powerful car ever to be used as a safety car in F1.

Mitsubishi at the Paris motor show 2008

By Guy Bird Motor Shows 06 October 2008 09:13 The heavily revised Mitsubishi Colt was the biggest real-world news for the Japanese brand at Paris. It now gets the large signature jet fighter grille from its bigger Lancer brother, alongside a whole new front end, interior changes and a Ralliart version.  It’s not just a nose job, honest. The rear of the car gets smaller lights rather than the previous full-length ones, partly for ease of crash repair, and interior ergonomics have been improved – the rear seats now fold flat for instance.