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Local Motors XC2V Competition

Local Motors, producer of the Rally Fighter, has teamed up with the Defense Advanced Research Projects Agency (DARPA) to host a design contest. The partnership, which was made possible within the Adaptive Vehicle Makes initiative, aims to create an Experimental Crowd-derived Combat-support Vehicle (XC2V), exploring the potential of a crowd-sourced design for military use. The initiative to develop a crowd-derived vehicle body design for the US military was created in an effort to decrease the time and developmental costs associated with creating niche military vehicles.

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.

Renault-Nissan and Mercedes get very cosy

The Mercedes Twingo? Almost, but not quite In yet another – highly expected – sign that the future for car makers is more and more co-operation, Renault-Nissan and Daimler (Mercedes-Benz) have today announced a wide-ranging alliance which will see much of the output of each company utilised by the other. Top of the list for starters is the joint development of the platform for the next SmartForTwo which will be shared by the next generation Twingo.