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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.

Video: BMW on its haptic technology design

BMW has released a video revealing the intense work that goes into developing its haptic technology. Haptics – the way something feels – provide important feedback to drivers, making it essential to develop high-quality technology. To ensure this happens the Haptics team is involved from the start of the design process to maintain the high standards BMW is known for.

Toyota Prius V

Toyota is keen to expand the Prius brand. The company will introduce a multitude of variants in the coming years and the Prius V, unveiled at the 2011 NAIAS, is the first expansion to the family. Retaining the familiar Prius features, the V simply sharpens up elements over the existing sedan.