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Ford design chief J Mays retires, replaced by Moray Callum

J Mays, Ford Motor Co.'s global design chief and one of the last senior executives remaining from the Jacques Nasser era, is retiring from the company along with two other veteran senior executives. Moray Callum, 58, design director for Ford in North America, will replace Mays, 59, the automaker said in a statement today. Also retiring after long Ford careers are Jim Tetreault, 57, vice president of North American manufacturing, and Martin Mulloy, vice president of labor relations.

2010 Ford Escape SUV to enhance safety technology

When the 2010 Ford Escape hits showrooms this summer, it will offer an expanded list of safety technologies. Building upon the Escape's full five-star crash rating are Ford's new MyKey teen-safety system and an integrated spotter mirror. MyKey (standard on XLT and Limited models) allows owners to program the key to limit the Escape's top speed and audio volume.

Swedish sports-car maker Koenigsegg may buy Saab

General Motors has chosen Swedish luxury sports car maker Koenigsegg Automotive AB as the preferred bidder for the Saab brand, news reports said. Koenigsegg and Norwegian investors have signed a letter of intent to take over Saab, Swedish television said Thursday, attributing its report to unnamed sources. "The deal is there now and a few minor details remain," a source told Reuters.