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General Motors CEO Rick Wagoner to quit, reports say
Sun, 29 Mar 2009General 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.
Rolls-Royce wants to make an electric Phantom
Thu, 23 Oct 2008Rolls-Royce boss Tom Purves has revealed he wants to build an electric Phantom By Gavin Green Motoring Issues 23 October 2008 11:21 Rolls-Royce CEO Tom Purves would like to make an electric-powered Phantom. ‘Many of our customers do small mileages exclusively in the city,’ says Purves, who took over the helm of BMW-owned Rolls-Royce in July 2008. ‘For these customers, an electric Rolls-Royce would be ideal.’Purves has just driven the new electric Mini, which debuts at next month’s Los Angeles auto show, and was ‘bowled over by it.
Chevrolet sprinkles in some ZR1 for the Corvette Z06 Carbon Limited Edition
Wed, 10 Mar 2010With the ZR1 grabbing all the headlines of late, it's easy to forget about the other pumped-up performance thoroughbred in the Corvette stable--the Z06. However, that's about to change, because Chevrolet is taking some of the ZR1 goodies and transplanting them over onto the Z06 for the 2011 model year, such as the Brembo carbon-ceramic brakes and magnetic select ride control system. The features will be standard on a new 2011 Corvette Z06 Carbon Limited Edition, which Chevy is using to celebrate the 50th anniversary of the Corvette's first 24 Hours of LeMans race.