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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.

The 1967 Shelby GT350 and GT500 are here!

The 1967 model year saw the introduction of a redesigned Ford Mustang that was slightly larger and heavier than the first pony cars. Bloat, it seems, has been around forever. But it wasn't all bad: '67 'Stangs got those crisp, fastback lines immortalized in "Bullitt" and yes, the remake of "Gone in 60 Seconds." Plus, the Mustang's increased size meant you could wedge a big-block motor under the hood, and that's exactly what Shelby American did with the GT500.

Realization of a Dream - Inside Project M

The appeal of social media is growing rapidly for the auto industry. Sites such as Twitter, YouTube and Facebook give brands the chance to communicate in a much more direct manner than mainstream advertising allows. In the best cases these new forms of media are helping brands, and the individuals who work for them, to build relationships and open dialogue with existing customers and potential future ones.