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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.

BMW's MPA line bridges the gap to M

Soon, bridging the gap between your father's 328i M-Sport and the M3 of your dreams will be simple, all thanks to BMW MPA. The admitedly uninspiring "MPA" moniker doesn't refer to an accounting certification available at your local community college, but rather, M Performance Automobiles. It serves as a step between the M-Sport appearance package already available on nearly every BMW model and the fire-breathing M cars at the top.

General Motors taps Europe design chief to run Cadillac, Buick

General Motors is bringing Opel's design chief to the United States to lead Cadillac and Buick styling and is moving the head of Buick and GMC styling to the top design post in Europe. The automaker is also shuffling duties for two other top design executives. The changes were announced Monday.