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Ford to lower fuel economy rating on C-Max hybrid

Ford Motor Co. will reduce the stated fuel-economy rating of its C-Max Hybrid car -- a rare and potentially costly move that Ford spent months feverishly working to avoid. A Ford source with knowledge of the plan confirmed the company will announce the move on Friday.

Designer Tom Matano part of start-up car company in Louisiana

A new auto company backed by Texas billionaire investor T. Boone Pickens and staffed by former Mazda design chief Tom Matano plans to build "environmentally friendly" vehicles in Louisiana. V-Vehicle Co., of San Diego, will bring about 1,400 workers to a Monroe plant that once belonged to General Motors, according to a statement Wednesday from the Louisiana Economic Development Web site.

Next Ford Mustang to follow Evos concept, ditch retro styling, report says

The Ford Mustang has been rolling with a retro-heavy styling theme since the fourth generation of the pony car appeared as a 1994 model. But the Wall Street Journal reports that the sixth-generation Mustang, due out in about two years, will break that mold. The newspaper, citing sources it did not name who know of Ford's plans, says that the new Mustang will look a lot like the Evos concept from last year's Frankfurt show.