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Ford resurrects Vignale name in an attempt to add premiumness to mainstream models

Ford is resurrecting the name of renowned Italian design house Vignale in an attempt to bring its mainstream models up market in Europe. Of course this isn't Ford's first experience of using a defunct carrozzeria for its range-topping models – remember Ghia? The first of these new models will be the Mondeo, which will appear with Vignale badging, lashings of chrome and quilted leather in Frankfurt next week.

GM's Henderson says no decision yet on bankruptcy

General Motors CEO Fritz Henderson said today the company has not decided whether to file for bankruptcy protection, but that preparations continue in case such an action is necessary. "We have until June 1, and if we can't do it between now and June 1 then we do it in bankruptcy," Henderson said during a morning teleconference with journalists. Still in his first month at the helm after the March 30 departure of CEO Rick Wagoner, Henderson said he wasn't sure who would make the decision.

Ford announces electric car plans at the Detroit auto show

Not to be left out of the electric car party, Ford announced Sunday at the Detroit Auto Show that it was developing a line of electric powered vehicles. In addition to its already announced hybrids and plug-in hybrids, Ford is working with Magna International to bring fully electric cars to market with lithium-ion battery packs. In the works is a Focus and Fusion-based vehicles that will be available in with all three powertrains.