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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 He's been replaced by GM President and COO Fritz Henderson, effective immediately.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.

Ford to open Silicon Valley lab

Ford Motor Co., aiming to keep ahead of technology trends, will establish a research lab in the heart of California's Silicon Valley. The automaker said Friday the lab will open near Stanford University in Palo Alto, Calif., in the first few months of this year. Ford wants the lab to take on a start-up feel and expand beyond the traditional automaker mindset to encourage innovation and improve mobility and safety.

Supercar maker Spyker starts production in UK

By Tim Pollard Motor Industry 10 February 2010 12:29 Spyker is having a busy 2010. Last month it closed the deal to buy Saab from GM; today it built its first car at the new UK factory after relocating from Holland.Spyker Cars is quitting production in the Netherlands to manufacture cars in Coventry – nearer its main supply base in the Midlands.The new Spyker facility switches assembly of the Aileron supercar from Zeewolde to a new 20,000sq ft plant at CPP Manufacturing in Wheler Road, Coventry. The first car went into production today.