The diminutive Fiat 500 is expanding. The larger 500L was unveiled at the Geneva motor show and an even larger crossover is expected in 2014. The so-called 500X will use a wider version of Fiat's small car architecture that underpins the Punto. It gets all-wheel-drive and will replace the current Sedici (a rebadged version of the Suzuki SX4) in Europe. A US report says it will be built alongside a new Jeep crossover, set to launch Stateside in 2014. It will be smaller than the current Patriot and Compass.
Saab fights bankruptcy filing
Saab Cars North America (SCNA) continues to fight the involuntary bankruptcy filed by its dealers in case, miracle of miracles, a buyer turns up to kick-start the comatose Swedish carmaker. Meantime, sitting on a dock in New Jersey for the past few months are 9-3 and 9-5 sedans - 900 of them - awaiting the company's North American fate.
Ford boss rakes in $35.8m a year
No sooner had Ford CEO Alan Mulally pocketed US$58.3 million in stock than his 2011 salary package was made public. He picked up US$29.5 million ($35.8 million) in 2011, says The Detroit News, an 11 per cent pay hike more than twice that of executive chairman Bill Ford jnr's US$14.46 million. Mulally's annual salary is US$2 million. The rest was made up of a US$5.46 million bonus, "stock and option awards as well as personal expenses, which can entail use of private aircraft, cellphone use, security, and fuel and car washes", said the story. Doing the sums, Mulally (above) earned US$5.17 for each of the 5.7 million vehicles Ford sold worldwide in 2011.