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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.

2012 BMW M5: Now BMW make the M5 official

2012 BMW M5 - Officially £73k The launch of the 2012 BMW M5 was planned for next week at the M Festival at the Nurburgring. But the best laid plans… This morning we reported on a leak of official photos of the new BMW M5 – a decent selection, if a bit low-res – and speculated that BMW would end up making the new M5 official sooner rather than later. And they have.

Chevrolet Corvette Z06 actually gets 650 bhp and 650 lb/ft of torque

The new Chevrolet Corvette Z06 Convertible (pictured) gets 650 bhp The American are found of telling us there’s no substitute for cubic inches, but throw in a supercharger to the equation and numbers become even more appealing, and more linear than a turbo too. So the fact the 6.2 litre V8 under the bonnet of the new Corvette Z06 already manages 465 bhp in naturally aspirated guise, it wasn’t a stretch when the car world was expecting around 625 bhp when Chevrolet finally revealed the power for the Z06. But it’s more.