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General Motors CEO Rick Wagoner out, replaced by COO Fritz Henderson

General Motors chairman and CEO Rick Wagoner has agreed to "step aside" after pressure from the Obama administration last week, ending his eight-year tenure at the helm as the company seeks additional federal aid. He's been replaced by GM President and COO Fritz Henderson, effective immediately. GM confirmed the moves shortly after midnight Monday.

Christopher Svensson appointed Director of Design, Ford Asia Pacific and Africa

Christopher Svensson has recently been appointed as Director of Design, Ford Asia Pacific and Africa. He takes over the role from Scott Strong. Based in Melbourne, Australia, Svensson and his team will be designing products not only for the local regions but also global vehicles in competition with Ford's studios in Europe and North America.

Hyundai Veloster RE:FLEX hits Chicago Auto Show

We hope Simon LeBon's mysterious “treasure in the dark” wasn't a turbocharger. If the Duran Duran frontman deigns to pick up a Hyundai Veloster RE:FLEX, he won't be getting one. The RE:FLEX package, announced at the Chicago Auto Show adds chrome 18” wheels, extra brightwork on the door handles and hood, a passel of LEDs, a pair of light-up doorsills and the standard 138-hp, 1.6L engine.