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Henry III, Act I: Henry Ford's great-great grandson will soon enter the stage

Why do we think 29-year-old Henry Ford III will make a great auto executive? Not because he is the great-great grandson of Henry Ford, direct descendant of the founder, and next in line for the throne if Ford Motor Co. was a monarchy.

New Lexus IS UK debut

The 2013 Lexus IS – revealed at the Detroit Motor Show – gets its UK public debut at the Ideal Home Show at Earls Court. The Ideal Home Show may not seem the obvious place for Lexus to show the new IS, but Lexus are the headline motor sponsors for the event and you can’t argue with the footfall; footfall that is probably predominantly bang on the Lexus target demographic. And the target demographic for Lexus may be a bit surprised that the new IS is a chunk more dynamic looking than its predecessor, with statement looks – taking cues from the LF-CC Concept – that make the new IS a far more appealing prospect.

News watch January 2013: today's auto industry news

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hourFriday 18 January 2013• Mazda Motor Corporation (Mazda) and Fiat Group Automobiles S.p.A. (Fiat) announced today the signing of the Final Agreement which will see Mazda produce an open-top two-seater sports car for Fiat’s Alfa Romeo brand at its Hiroshima, Japan, plant starting from 2015 (Mazda) Thursday 17 January 2013•  Mark Reuss, North American chief of General Motors, has jumped to the defence of Electric vehicles and said he is not giving up on them despite struggling sales in 2012.