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Ford to show four new cars at 2011 Frankfurt show

Ford will show off a new design concept car at the 2011 Frankfurt motor show, it confirmed today. It'll be one of 'four global product reveals... including a major new design concept and details of the next Focus performance car,' according to a brief statement released by the Blue Oval.

GM's Lutz to retire May 1

General Motors Vice Chairman Bob Lutz plans to retire from the automaker effective May 1, according to a statement released by GM on Wednesday. Lutz, 78, had been serving as a senior adviser to GM Chairman and CEO Ed Whitacre after shelving retirement plans to take charge of the automaker's marketing after it emerged from bankruptcy in July 2009. An outspoken executive who both challenged global warming and championed GM's all-electric Volt, Lutz is credited with revitalizing GM's product development efforts after being hired by former GM CEO Rick Wagoner in 2001.

4x4 prices rise sharply

FOUR-WHEEL-DRIVE cars are soaring on the used car market, according to car auction house British Car Auctions (BCA). Off-roader values rose by up to 16% in October as the first signs of winter emerged. With some medium-term weather forecasts highlighting a colder-than-average winter, BCA is predicting that 4x4 prices may keep rising.