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New Ford Mondeo: Estate, Hybrid and 4WD

The 2013 Ford Mondeo will come as a regular five door and estate but there will also be a four wheel diesel and a hybrid option. We’ve already reported that the new Mondeo will get the 1.0 litre EcoBoost engine as an option – the first time any car in the D Segment has had such a small engine – but there’s more to the new Mondeo than just a headline little engine and an Aston Martin grill. As well as the frugal EcoBoost engine, Ford will also be launching their first hybrid in Europe with a Mondeo Hybrid boasting a 2.0-litre petrol engine with a 35kW lithium-ion battery to trim official emissions and consumption as much as possible.

Petrol prices reach three-year low

PETROL PRICES are at a three-year low, with Yorkshire and Humberside remaining the cheapest area, according to figures from the AA. But the good news for drivers is offset by a real-terms dip in earnings which has pushed wages back to 2002 levels adjusting for inflation, the AA added. Petrol forecourt prices across the UK averaged 129.46p a litre in mid March compared to 129.63p in mid February.

Ford lines up Mark Fields to succeed Alan Mulally

Ford Motor Co. has named Mark Fields its chief operating officer, putting him in line to succeed CEO Alan Mulally when he retires no sooner than the end of 2014. The appointment of Fields, 51, who has been president of Ford's Americas unit, was part of a sweeping overhaul of executive ranks unveiled Thursday.