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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.

Tesla touts top sales at Detroit auto show

Tesla credits the "exceptional cold weather performance" of its Model S for 20 percent-higher-than-expected Q4 sales of 6,900 units, bringing total Model S sales worldwide to 25,000 so far. In fact, Tesla says its sedan does so well in the snow that the rear wheels are the only ones that need any torque. "This car performs outstandingly in winter conditions," said Tesla vp of vehicle engineering Chris Porritt in a video released the day of the Detroit Auto Show.

Aston Martin Vantage gets V12, but we won't get one

The Aston Martin V12 Vantage, the hottest version of the two-seat coupe, is the latest step in the automaker's new-model offensive for 2009. Revealed just days after the Rapide four-door, the V12 Vantage is the second of four major reveals from Aston this year. Also coming is the DBS convertible, which will share stand space at Geneva with the V12 Vantage and a concept for a new Lagonda, the dormant brand that Aston plans to bring back to life as a super-luxury Rolls-Royce/Maybach challenger.