1960 Oldsmobile 394 Oil Pump on 2040-parts.com

VW may add small car or SUV to U.S. plant

Volkswagen may build a small car or an SUV at its new U.S. plant in Tennessee, in addition to the mid-sized sedan that goes into production there next year. VW is considering options for the plant's second product even before it has begun building its first, Tom Loafman, the company's purchasing director, said here last week at the CAR Management Briefing Seminars.

Saab: Forget Pang Da – now it’s Bank of China

Saab - is the Bank of China the White Knight? It’s reported that Victor Muller has now put together a new deal to ‘Save Saab’, involving Youngman and Saab plus the Bank of China. In yet another new deal for Saab, it’s reported this morning that Victor Muller has now put together a new deal to try and save Saab from its (still) imminent desire.

General Motors CEO Rick Wagoner to quit, reports say

General Motors CEO Rick Wagoner is about to resign after eight years as the Obama administration prepares to decide on the automaker's request for additional government rescue loans, two people familiar with the matter said. A senior Obama administration official told NBC's John Yang that Wagoner, 56, was asked to step down by the White House. The automaker, which has lost about $82 billion since 2004, awaits word Monday from President Obama on a request for as much as $16.6 billion in additional U.S.