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Bill Ford steps down

By Angus Fitton Motor Industry 06 September 2006 08:50 Bill Ford is set to step aside as chief executive of Ford Motor Company. Replacing him is 61-year-old Alan Mulally, previously the boss of Boeing's commercial aircraft division. Ford stepped down as part of a major management reshuffle designed to reverse the ailing fortunes of the world’s third largest car manufacturer.

Chrysler, CAW reach tentative contract deal

The Canadian Auto Workers tentatively agreed tonight to new concessions that will save the struggling automaker $240 million annually and help the carmaker to try to avoid a bankruptcy filing, CAW President Ken Lewenza said at a news conference. In exchange, the CAW got Chrysler and potential partner Fiat SpA to agree to keep its two Chrysler assembly plants open even if bankruptcy is unavoidable, Lewenza said. General Motors and Ford Motor Co., which signed new CAW agreements earlier, have indicated their desire to get the same concessions as those negotiated with Chrysler, Lewenza said.

Chevrolet Corvette C7 mule caught testing

Editor's Note: The video attached to this story has been removed from Youtube and is no longer available. Chevrolet's C7 Corvette was caught testing out on the open streets, and Autoweek has the video. From the short YouTube clip, this C7 Corvette appears to be wearing different wheels than the C7 that Autoweek published photos of earlier this year.