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Ford offers $1m of design scholarships in memory of William Clay Ford

Ford Motor Company has put aside $1million to be awarded in automotive design scholarships over the next 20 years in order to commemorate the life of William Clay Ford who passed away on Sunday. The Ford Fund will release $10,000 each to five college sophomores or juniors per year who are following a career in car design. William Clay Ford was the last surviving grandchild of company founder Henry Ford and design was his lifelong passion.

One-on-one with Ron Dennis, McLaren's boss

Here are a few stats to wrap your brain around: Since 1966, the year McLaren got into Formula One, 100 Grand Prix teams have come and gone--100! Only Ferrari and McLaren remain. McLaren has won 25 percent of the F1 races it has entered and has been on the podium a whopping 53 percent of the time.

Toyota to replace the gas pedals on 3.8 million recalled vehicles

Toyota Motor Corp. said Wednesday it will replace the accelerator pedals on 3.8 million vehicles involved in the company's largest recall ever. The models involved are: -- 2007 to 2010 model year Camry -- 2005 to 2010 Avalon -- 2004 to 2009 Prius -- 2005 to 2010 Tacoma -- 2007 to 2010 Tundra -- 2007 to 2010 Lexus ES 350 -- 2006 to 2010 Lexus IS 250 -- 2006 to 2010 Lexus IS 350.The company said it will reconfigure the shape of accelerator pedals to cut down on the risk that they may be jammed in the floor mat.