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Ford lines up Mark Fields to succeed Alan Mulally

Ford Motor Co. has named Mark Fields its chief operating officer, putting him in line to succeed CEO Alan Mulally when he retires no sooner than the end of 2014. The appointment of Fields, 51, who has been president of Ford's Americas unit, was part of a sweeping overhaul of executive ranks unveiled Thursday.

Ford Mustang 50 Year Limited Edition premieres at New York auto show

Ford launched the Mustang 50 years ago this week at the New York World's Fair. To celebrate the iconic pony car's birthday, Ford will be revealing a 2015 Mustang 50 Year Limited Edition, just 1,964 examples of which will be built. The limited edition model premieres at New York auto show this week, and will go on sale this fall.

Chevrolet Camaro pace car revealed for 2010 Indianapolis 500

The next Chevrolet Camaro to pace the Indianapolis 500 will pay homage to one of the first. An inferno orange metallic Camaro SS wearing white diamond rally stripes that stretch the length of the car will lead the 2010 Indianapolis 500. The stripes channel the design from the Camaro that paced the 1969 race.