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Ford cuts CEO's compensation 37%
Wed, 25 Mar 2009Ford 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.
Lexus LFA Nurburgring (2010) first official pictures
Mon, 29 Mar 2010Lexus hasn’t even started production of the LFA supercar yet, but it’s already unveiled a limited edition version – the Lexus LFA Nurburgring. Built to celebrate the LFA’s entry into the 2010 Nurburgring 24 Hours race, just 50 versions of this track-focussed supercar will be made. The tweaks and changes aren’t radical: the front-mounted 4.8-litre V10 has 10 bhp more (up to 562bhp) and the automated manual ‘box now shifts quicker (gear changes are down from 0.2 to 0.15 seconds) though the 3.7sec 0-62mph time and 202mph top speed remain the same.
Global car launches at Pebble Beach 2013
Tue, 20 Aug 2013Not content with playing host to hundreds of the world’s rarest classic cars, the 2013 Pebble Beach motoring week in Monterey, California, also saw the first global public outings of several new cars and concepts. Here’s our pick of these high-profile unveilings with cars from established mega brands like BMW, Aston Martin and Cadillac as well as exotic specialists like fiercely independent Dutch brand Spyker and Moroccan supercar marque Laraki.
