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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.

Toyota Hydrogen Fuel Cell will launch in 2015: OFFICIAL

The Toyota FCV (pictured) previews Toyota’s 2015 production FCEV Toyota took the lead with hybrid technology a decade ago, and that’s gone from an expensive punt on new technology to a mainstay of Toyota production, with approaching 15 per cent of Toyotas now sold offering some degree of hybrid technology. Now, Toyota is about to take another expensive punt on new technology, this time with the launch of a hydrogen fuel cell car in Japan, the USA and Europe in 2015. The numbers won’t be huge, but they will be significant.

'Concrete glimpse' of near-future Audi technology

THE “near future” of Audi design and powertrain engineering has been unveiled ahead of the North American International Auto Show (NAIAS) in Detroit. The Allroad Shooting Brake show car will premiere an exciting new high-powered petrol-electric plug-in hybrid drivetrain and a development of the firm’s current design language. It is expected that the Allroad Shooting Brake will form the basis for future Q-badged models as well as a potentially expended Allroad range.