Mustang Scott Drake Power Steering Pressure Hose Concours 289/302 1967-1968 on 2040-parts.com

Ford cuts CEO's compensation 37%

Ford 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.

Spyker Venator – First photo and details of Spyker’s B6 Concept arrive

The first photo of the Spyker Venator – Spyker’s new car concept for the Geneva Motor Show – has arrived ahead of a reveal next week. If the modern history of Spyker (and of Saab) has taught us anything, it’s that you should never doubt the ability of a dapper, self-confident, deal-making Dutchman to bounce back from adversity. Many would have expected Victor Muller to be down and out after the Saab Saga, with his grip on Spyker forsaken for the Swedish odyssey and his pot of gold imprisoned in Vladimir Antonov’s Mayfair penthouse.

The Tokyo motor show 2009 review, by Phil McNamara

Ch–ch–ch–changes: time to face the strain, presciently sang David Bowie looking forward to the 41st Tokyo Motor Show. Since the 40th show in 2007, the car world has changed economically, politically and technologically. Even the show itself has suffered a pitiful transformation, stripped to just the Japanese firms after the European and American car makers block voted with their feet and jilted the show to save cash.