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Obama sought Ghosn to run GM, ex-car czar says

The Obama Administration initially wanted Nissan-Renault CEO Carlos Ghosn to run GM after Rick Wagoner was ousted in 2009, and repeatedly pressed Fiat to put up cash for a stake in Chrysler, according to an upcoming book about the government bailout of General Motors and Chrysler. Steven Rattner, President Obama's auto adviser who steered the government's $85 billion bailout of GM and Chrysler, is about to publish a tell-all account about his six-month stint inside the White House. The Detroit News, Washington Post and Huffington Post obtained draft copies of the book--"Overhaul: An Insider's Account of the Obama Administration's Emergency Rescue of the Auto Industry." It is scheduled to be published Oct.

London 'most costly' for car cover

MOTORISTS living in London faces paying almost four times the amount that a driver in the Isle of Man would spend on their car insurance, a study has revealed. AA Insurance, which compiles an index of the typical cost of car insurance for someone who shops around, named London as the most expensive place in Britain to insure a car, followed by the postcode area of IG, which includes Ilford, Chigwell, Woodford Green, Buckhurst Hill, Loughton and Barking, with Greater Manchester in third place. The IM (Isle of Man) postcode was found to be the cheapest place to insure a car, with the average quote for someone there who shops around standing at £231.

Think a sports car makes you more attractive? Think again

It’s a favourite stereotype: a man driving a flashy sports car is more attractive to women – or at least, so he might think. Now a survey by Motors.co.uk suggests that exactly the opposite could be true. While the same research reckons 48% of men subscribe to the stereotyped view, in actual fact women are more likely to find a man driving an eco car more alluring.