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BMW goes front-wheel drive for the 2-series Active Tourer

BMW's long-held reputation for producing only rear- and four-wheel drive vehicles comes to an end with the the new 2-series Active Tourer, its first-ever front-wheel-drive production model. The cornerstone of BMW's Geneva show stand next month, the 2-series Active Tourer marks a significant turning point for the German automaker, adopting a transverse-mounted engine and standard FWD. It arrives here in early 2015.

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.

Toyota, Nissan shift gears and boost incentives

A day after announcing that its North American factories would be cranking up production sooner than expected, Toyota Motor Sales U.S.A. unveiled a series of regional cash, interest-rate, and lease incentives on most of its vehicles. Nissan Motor Co.