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Magazine names Ford's Alan Mulally top CEO

Ford Motor Co. CEO Alan Mulally has been named CEO of the Year by Chief Executive magazine. What set Mulally apart, according to the selection committee, was not only leading the turnaround of an American icon without the government bailout funds given to its competitors, but also a mix of other behaviors and accomplishments.

Skoda Yeti Urban special edition (2012) first pictures

Skoda is launching a special Urban edition of the Yeti baby crossover packing £2450 of extra equipment at no cost over the equivalent SE spec. The new Yeti Urban is based on the two-wheel drive model with a choice of the 104bhp 1.2 TSI or the 2.0-litre TDI diesel with 109bhp. Skoda Yeti Urban Edition: the lowdown This UK special edition is limited to 750 models and hits UK showrooms in April 2012.

Mercedes-Benz CLS shooting brake sparkles at Goodwood

Mercedes-Benz used the annual Goodwood Festival of Speed as the backdrop for the premiere of the definitive production version of its stylish new CLS shooting brake in Sussex, England. Set to go on sale across Europe in October, the new sporting wagon was given a production go-ahead by Mercedes boss Dieter Zetsche following positive reaction to the earlier E-class-based ConceptFascination prototype car unveiled at the 2008 Paris motor show and the subsequent CLS shooting brake show car wheeled out at the 2010 Beijing motor show. Sadly, though, there are no plans to sell the new Mercedes-Benz model in North America, owing to what one official described to Autoweek as "the continued aversion to wagons by U.S.