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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.

Cadillac Ciel Concept cruises in to Pebble Beach

Cadillac Ciel Concept - sybaritic style for Californians It’s not hard to tell the General Motors has found its Mojo again after losing it to Uncle Sam; all you need to do is take one look at the Cadillac Ciel Concept that’s turned up at Pebble Beach this weekend, probably the boldest Cadillac Concept since the Cadillac Sixteen. The Cadillac Ciel is a big, impressive four-seat convertible designed to epitomise the American Dream, as it cruises along the Pacific Coast Highway, cosseting its occupants in sybaritic style. But this is 2011, so there’s a nod to the eco-sensibilities car makers feel the need to embrace.

Freddie Mercury Lotus Evora to be auctioned for charity

Die-hard Queen fans can bid on a Lotus Evora S inspired by the late Freddie Mercury at a 65th-birthday celebration for the famous frontman. The car has a red, white and gold color scheme said to be inspired by a costume Mercury wore during his 1986 Magic Tour, along with badges of the singer’s signature and silhouette. The seats are emblazoned with Union Jack flags.