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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.

BMW M6 Competition revealed

The Limited Edition BMW M6 Competition will be at Frankfurt (click image for bigger photo) It doesn’t look like the M6 Competition gets much fiddling with the oily bits, although the suspension is being tweaked and lowered – 10mm at the front and 12mm at the back. The M6 Competition sees a new colour option – Frozen Grey Matt – which does look pretty special on the M6.  The interior gets a ‘limited edition’ makeover, with buyers getting the choice between Merino full leather interior with either black or light grey two-tone contrast stitching. BMW are also throwing in a set of mats with ‘M6 Competition’ stitched in them in case you forget what you bought.

G-Wiz maker Reva announce new electric cars

The Reva NXR - one of two new electric cars Reva re bringing to Frankfurt Reva plan on introducing two new cars at the Frankfurt Motor Show next month. The first is the Reva NXR, which is a three-door, four seat family hatchback scheduled to launch in 2010. The second is a sporty, targa-topped two-seater – the Reva NXG – that won’t go in to production until 2011.