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FBI investigating recently fired Ford engineer for espionage

Agents of the FBI are investigating a potential case of industrial espionage involving a recently fired Ford employee. The Dearborn, MI-based manufacturer had its world headquarters searched by FBI agents on July 11, and according to The Detroit News, had warrants to seize recording devices handed over to Ford by Sharon Leach, a now-former Ford engineer.
Leach, who had spent 17 years with the Blue Oval, was fired last month, after Ford Security relieved her of eight Sansa listening devices. The FBI got involved shortly after her dismissal, searching her home on June 20 and seizing some two dozen items, including computers, jump drives and financial records, according to warrants obtained by The News.
Ford has remained quiet on the matter, with spokeswoman Susan Krusel confirming that the automaker was working with the FBI as part of a "joint investigation," while declining to provide any additional details.

Fiat boss Elkann being mentored by... Bill Ford?

Fiat Chairman John Elkann has been turning to an unusual source for advice on the car business. While speaking during an interview with The Detroit News, Elkann said he often asks Bill Ford Jr. for advice on how to proceed with the turnaround at Chrysler. "It's great to have the opportunity to share this with someone like Bill, who has experienced many things and gone through many things ... especially linked to Detroit." Elkann said.
As the Agnelli family heir, Elkann has inherited a long and fruitful friendship with the Ford family. While Giovanni Agnelli built his first Fiat four years before Henry Ford created his first vehicle, it was Ford that showed Agnelli the benefits of mass production and helped pave the way for what would become the Fiat empire.
Giovanni's grandson, Gianni, helped mentor Bill Ford when he was elected chairman of Ford Motor Company. Now, Ford is returning the favor by helping Elkann navigate the automotive industry's tumultuous waters.

Hennessey showcases F-250 VelociRaptor SUV

With automakers embracing smaller and smaller crossovers with each passing year, it'd be all too easy to forget about the Ford Excursion. Bigger than the Expedition (or just about anything else on or off the road), the Excursion was based on Ford's Super Duty truck chassis to put even the likes of the Chevy Suburban, Nissan Armada, and Toyota Sequoia to shame. It ceased production ten years ago now, but Hennessey is bringing it back – sort of. Feast your eyes on the Hennessey VelociRaptor SUV. The design calls for a very fullsize, truck-based sport-ute based on the Ford F-250. Only instead of a pickup bed, it's got four proper side doors and a covered cargo bay with a pair of barn doors at the back. Hennessey will fit it with three rows of seats to accommodate seven or eight passengers, and of course it'll offer a range of upgraded engines as well. What starts out with a 6.2-liter V8 producing 411 horsepower can be supercharged all the way up to 600 or even 650 horses. For those who don't want to spend their life's savings at the pump... well, this probably isn't the right choice of automobile, but Hennessey will offer an enhanced 6.7-liter PowerStroke diesel with 440 hp and 880 pound-feet of stump-pullin' muscle. Naturally there'll be other visual and mechanical upgrades on offer as well, but none of this will come cheap – or fast for that matter. Hennessey will take six months to put one together, and demand nearly $160,000 for the conversion.