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Ford lines up Mark Fields to succeed Alan Mulally

Ford Motor Co. has named Mark Fields its chief operating officer, putting him in line to succeed CEO Alan Mulally when he retires no sooner than the end of 2014. The appointment of Fields, 51, who has been president of Ford's Americas unit, was part of a sweeping overhaul of executive ranks unveiled Thursday.

Britain’s most reliable cars revealed in 2014 Driver Power survey

UK car drivers are happier with their cars than ever before, according to a survey of over 50,000 motorists. The Driver Power survey by Auto Express found that the average satisfaction rating of a car in the top 100 was 88.36% - a rise of 7% compared to when the survey was launched in 2002. When completing the survey, owners are asked to rate their cars for factors from reliability to running costs and from comfort to ease of driving.

Saab turns down takeover offer from Chinese investors

Swedish Automobile, owner of Saab, has turned down a takeover offer from China's Zhejiang Youngman Lotus Automobile Co. and Pang Da Automobile Trade Co. Youngman and Pa Dang signed a nonbinding memorandum in July to take a combined 53.9 percent stake in Swedish Automobile for about $338 million.