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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.

Hyundai delays Sonata Hybrid deliveries for change in sound device

Delivery to dealerships of most of Hyundai's initial Sonata Hybrids has been delayed until at least late March because the brand is altering the car’s device that emits an artificial engine noise at low speeds. Hyundai planned to have the car available in January but only a small number of the vehicles are in dealer stock, Hyundai spokesman Jim Trainor said. Trainor declined to say how many Sonata Hybrids have arrived in the United States but said about 700 units are in port or at sea.

Victor Muller dusts off the Spyker D8 Peking-Paris

Spyker D8 Peking-Paris Victor Muller is back trying to grab more investors with plans to put the Spyker D8 Peking-Paris in to production. Again. Just when we thought the demise of Saab would see Victor Muller buy a pipe and slippers and retire to Switzerland to contemplate his motoring adventures in to his dotage, CPP goes bust after Vlad the Investor went slightly overdrawn and Victor snatches Spyker back from its UK sojourn as a platform for more grandiose plans.