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Ford begins the search for CEO replacement, report says

Ford Motor Co. has launched a wide search for candidates to succeed CEO Alan Mulally, and the list of possible replacements includes two current and two former executives, The Wall Street Journal reported. Mulally, 66, joined Ford as president and CEO in September 2006 from Boeing Co.

Car hire costs branded ‘extortionate’

MORE THAN 45% of hire car users described hidden costs such as insurance and fuel as extortionate, according to a new survey. 200 UK consumers aged over 30 and earning more than £20,000 per annum were quizzed for the survey, conducted on behalf of Carhiremarket.com, with over 45% agreeing that hidden costs for insurance and fuel were extortionate. Users cited greater transparency or an all-inclusive upfront price as a more desirable option.

Renault Initiale Paris stars at the 2013 Frankfurt Motor Show

It may seem like a strange idea for Renault to launch its Initiale Paris premium sub-brand at a German motor show, but it could turn out to be quite an astute move. The French brand is hoping to take on the Germans with Initiale Paris, so showcasing this rather wonderful concept in Frankfurt is a clear signal of intent. Renault says this Initiale Paris concept previews the next generation Espace, but we can't help but see a massive dollop of Renault Avantime when we take a wander around the car.