The Ford Motor Co. said Allan Mullaly, the company’s new CEO, will be getting an additional $1M bonus. The board of directors of the company has approved a $6 million stock option bonus, $1 million more than what was previously promised for Mullaly. Ford said Mullaly’s bonus was based on his performance during the first [...]
The Ford Motor Co. announced to its employees that it is developing a much-awaited new subcompact car for the United States and other markets. The subcompact will be based on the new Mazda2. Mark Fields, Ford’s President for the Americas, told employees about the new subcompact car during his weekly Webcast. Unlike its rivals in [...]
The all-new Mondeo from Ford Motor Co. returns to the automotive scene with the aim of making a difference. This time around, the Ford Mondeo will be seen possessing more daring kinetic design, flowing energy, and a striking totality. These qualities could be witnessed at this year’s Geneva Motor Show during the debut of the [...]
Jui Chakravorty, writing for Reuters, reported that the Toyota Motor Corp. and Honda Motor Co. Ltd., Japan’s top automakers, are dominating the influential list of the 10 best new vehicles for 2007. According to Consumer Reports magazine, which has released its top picks for new cars based on its own testing, the named Japanese automakers [...]
A unique Aussie roadster changes the notion that green cars could not be created to be mean. The 3-wheel Bonning Roadster is aimed at proving that mean and green could go together and that being an environment-friendly car does not hinder having a high performance. The Bonning Roadster delivers supercar performance and true sports car [...]
Have you any idea how far Volvo could go? The latest Guinness World Record ‘Highest Car Mileage’ is held by a 1966 Volvo P1800. The car has covered over 3,572,342 km to make it to the Guinness record. But Volvo is not only absorbed in the distance measured in miles. It is concentrated on the [...]
The Navistar International Corp. earlier announced the suspension of the production of Power Stroke(R), a diesel engine intended and made especially for Ford trucks. The suspension is anchored on the contract between the engine manufacturer and the Ford Motor Company. Critics in the industry are saying that if the contract dispute would continue, the truck [...]
Volvo Cars will go back to the auto industry center stage to make way for the world’s largest show for classic cars and everything else connected to the classic-car fad. The automaker will showcase a techno-classica show dubbed “As times goes by – 80 years with Volvo cars.†Volvo has produced remarkable cars that are [...]
When it rains, it pours. And it seems like Volvo Cars is getting the entire downpour. The first thing to be thankful about it is its amazing 80 years existence in the auto industry. Then, here comes the overwhelming awards. For its latest addition – the Volvo C30 – alone, the model has received the [...]
Volvo is set to unleash the newly discovered power of its V and XC ranges. The unraveling of the new Scandinavian power will be made at this year’s Geneva Motor Show in March. In the said auto show, the automaker will present two all-new premium estate cars – the Volvo V70 and the Volvo XC70. [...]
