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Los Angeles, Miami on 2014 Formula E schedule

Today Formula E, the open-wheel world championship for electric cars sanctioned by the FIA, released a preliminary list of eight cities across the globe where races will be held: London, Rome, Los Angeles, Miami, Beijing, Putrajaya (Malaysia), Buenos Aires and Rio de Janeiro. Rome and Rio de Janeiro had been announced earlier, but the rest of the cities are new to the schedule. All courses will be run on city streets in downtown locations accessible to public transportation, according to a release by Formula E Holdings, the organization putting on the series.

Volkswagen prices 2014 Passat 1.8T

Volkswagen is debuting a new engine in its U.S. lineup, a 1.8-liter four-cylinder turbocharged and direct-injected TSI engine known internally as EA888, and the first car to receive it will be the 2014 Volkswagen Passat. The Passat will stay the same on the outside for the 2014 model year, but the new 1.8-liter engine promises to deliver as much power as the outgoing 2.5-liter engine it is replacing, 170 hp, while gaining seven more lb-ft of torque for a total of 184 lb-ft.

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.