Forty years after its debut, a legend of drag racing is back.

A team led by a Montana State University professor has found a fungus that produces a new type of diesel fuel, which they say holds great promise.

Chinese customers have been eagerly waiting for the launch of the locally made new Ford Fiesta after the 2009 Ford Focus made by Changan Ford Mazda hit the Chinese market on September 25. According to a sales executive of the joint venture, the new Ford Fiesta will hit the China market in early 2009, said xinhuanet.com today.

FAW-Toyota, Changan Ford and some automakers in China has cut their sales target for 2008 due to auto market slowdown, Beijing Times said today, citing sources.

The biggest U.S. automaker says it will eliminate another 1,500 jobs because of sagging demand for new cars. Other top U.S. automakers Ford and Chrysler also announce layoffs.

An earlier report by Wall Street Journal said that Ford Motor Co. is considering the sale of its controlling stake in Japan's Mazda Motor Co. as the second-largest U.S. automaker tries to steady its finances amid slumping sales, while Luo Jingling, auto industry expert, told the East Morning Post that Ford’s joint venture in China will not be seriously affected as it is still profitable in the Chinese market.

What's a governor? While, besides being someone like Arnold Schwarzenegger, a governor limits how fast you can drive by controlling the amount of fuel that reaches your engine. Ford will debut its MyKey system, which has this feature and more, on 2010 cars, starting with the Ford Focus. It will quickly become standard on many other Ford, Lincoln and Mercury models.

To continue raising awareness about early detection and prevention of breast cancer, Ford with its Warriors in Pink program is teaming up with Susan G. Komen for the Cure® to honor three Hispanic women for being examples of true warriors.

FAW-VW and Changan Ford Mazda,Volkswagen and Ford's respective joint venture in China, have cut the price of some of their models sold in China, leading a new round of price war amid overall market downturns, the state-run Xinhua news agency reported.

Early sales are strong for the new 2009 Lincoln MKS. In its first full month on the market, the vehicle outsold the Acura RL, Infiniti M35 and Cadillac STS.

Ford drivers can now listen to digital quality radio while on the move thanks to the latest in-car DAB (Digital Audio Broadcasting) audio systems.

Ford is launching a new campaign to promote driving safety in developing countries with fast-growing populations of new drivers.