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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.

McLaren P1 gets an Arctic shakedown (+video)

So McLaren are busy throwing the worst conditions they can at the P1 to make sure it can perform even in the harshest of conditions and be the best driver’s car in the world – even when there’s several feet of ice under its wheels. McLaren has had several XP prototypes of the P1 running round the world’s harshest climates – hot and cold – and have delivered a video of the P1 prototype playing on the ice in the north of Sweden – inside the Arctic Circle – to keep interest in the P1 bubbling along ahead of its dynamic debut in the UK at the Goodwood Festival of Speed in July. Despite its enormous power – 903bhp from a combination of its turbo 3.8 litre V8 and electric motor – the P1 does look composed and capable, even with sub-zero temperatures and a surface that has zero grip.

Nissan 370Z Nismo (2014) gets new look and aero

By Phil McNamara First Official Pictures 26 August 2014 13:23 Nissan is revamping its 370Z range, with the spotlight on a revised flagship coupe fettled by Nissan Motorsport – or Nismo as it’s better known. Due in late 2014, the 370Z Nismo gets a new aero kit, claimed to boost downforce ‘significantly’ at speed. Out goes the 2013 Nismo’s lairy rear wing for a more subtle, 911 2.7 RS-esque ducktail affair, which works in tandem with the new front splitter to evenly split more downforce over the front and rear axles.