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Ford cuts CEO's compensation 37%

Ford Motor Co. CEO Alan Mulally earned $13.57 million in total compensation in 2008, a 37 percent decline, as the automaker avoided seeking a federal bailout while posting a record loss. Mulally will take an additional 30 percent cut in salary this year and next as he battles a global financial crisis and the worst U.S.

Ford says optional EcoBoost V6 engine popular with F-150 buyers

Sales of Ford F-150 pickups with the optional EcoBoost 3.5-liter V6 engine have surpassed company estimates, with some dealers reporting robust demand as gasoline prices rise. "We had a sales forecast but it has jumped up a little faster than we thought," said Marc Lapine, consumer marketing manager for Ford Motor Co. Credit the increase to rising fuel prices.

Mazda MX-5 1989-2014 in pictures: 25 years of everyone's favourite roadster

It's hard to believe but the Mazda MX-5 celebrates its 25th birthday this year, writes Adam Binnie. The occasion will be marked with a special edition model, before the launch of the fourth-iteration MX-5 in September 2014. The MX-5 earned the title of 'bestselling two-seater sports car of all time' from Guinness World Records in May 2000, after global production reached 531,890 units.