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Mercedes-Benz unveils 'golf cart of the future' design study

Designed at its Carlsbad studio in California, Mercedes-Benz presented its ‘Vision Golf Cart' to the golfing world during this year's Open Championship in Scotland. Having called upon car fans and followers of the sport to submit their ideas for a future Mercedes buggy, a jury then went about sifting through all the submissions until they found the best entries. Electrically driven and powered by a battery kept continuously charged by solar panels on the roof, the buggy is controlled by a joystick mounted on the center console allowing either passenger to drive.

TrueCar announces women's racing initiative

TrueCar, publishers of new-car-transaction data, revealed plans for a multiyear push into motorsports sponsorship but with a twist. TrueCar will throw its money behind female racers in premier series and up-and-coming ones in numerous development series. "TrueCar is built upon the foundation of empowering individuals with the tools and resources they need to become expert car buyers," TrueCar founder and CEO Scott Painter said.

Magazine names Ford's Alan Mulally top CEO

Ford Motor Co. CEO Alan Mulally has been named CEO of the Year by Chief Executive magazine. What set Mulally apart, according to the selection committee, was not only leading the turnaround of an American icon without the government bailout funds given to its competitors, but also a mix of other behaviors and accomplishments.