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Ford boss Alan Mulally on how he saved Ford

Ford president and CEO Alan Mulally today told British business leaders how he saved Ford from the worst recession for a generation. He also outlined how the Ford range will shrink from 97 models sold globally to just 20. Mulally gave the keynote speech to the Confederation of British Industry in London, where business bigwigs heard how Ford became the only Detroit car maker not to collapse into bankruptcy.

Hyundai PassoCorto coming to Geneva

Hot on the tailpipes of the Kia GT4 Stinger's debut in Detroit comes word of an even racier-looking two-seater from parent company Hyundai – the PassoCorto. Built by and for Gen Y car enthusiasts, the PassoCorto was styled by 16 students in the Master's program of transportation design at the Istituto Europeo Design (IED) in Turin. The students were tasked by Hyundai Design Center Europe with making “…the car that would be on top of their list for buying and driving.” We don't know any Gen Ys who could fork over close to $60,000 for a car, the cost of the similarly-sized Alfa 4C, but we know plenty who would like to have one.

Cyclists tackle round-the-world race

FOUR RIDERS have set off on what is described as the world's longest bicycle race. Three started from London and one from Bangkok in a bid to break the Guinness World Record for the fastest circumnavigation of the planet. The World Cycle Race launched from the prime meridian next to the Royal Observatory in Greenwich Park.