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Ford warms up new era of car-guy leaders

A minor temblor shook Dearborn, Mich., today with the announcement that Mark Fields, president of the Americas, climbed the golden corporate ladder to grab the chief operating officer ring, setting him up to succeed Alan Mulally in a couple of years. The move did not come as a shock-it only confirmed the whispers of auto industry Royal Watchers. The biggest news for those who care about cars, however, is two-fold: Jim Farley, Ford's global marketing boss, also takes the helm of Lincoln.

From the vaults: Ford Styling and the Experimental Car circa 1964

Unearthed from the Ford Mo Co. marketing department archives this film documents the work, inspiration and methods of the company's design department. As well as an inside look into the development of the 1964 Mustang, retro-futurists are treated to a look at the then space-age creations including the particularly awesome Aurora station wagon with its three-seat corner sofa, electro-luminous side panels and primitive satellite navigation.

RM auction in Monaco rakes in $45.1 million

Call it the Feast of Ferrari. Led by a stunning lineup of rare and classic automobiles wearing the Prancing Horse, sales at the RM auction in Monaco on May 1 totaled more than $45.1 million. The highest seller at the event was a 1962 Ferrari 400 Superamerica Cabriolet Pininfarina AWB, which sold for $3.8 million, a record for Superamericas, RM said.