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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.

Volvo V40 R-Design (2012) first offical pictures

Volvo has shown off its V40 family hatch resplendent in R-Design trim for the first time. The pack comprises sporty body addenda and wheels, tweaks to the interior and an optional sports chassis. Similar to the M Sport or S-line packages offered by BMW and Audi, R-Design is expected to be specced on 25% of UK-bought V40s.

Alfa Romeo MiTo Maserati – the courtesy car

The Alfa Romeo MiTo Maserati - the Maserati courtesy car As you’ll know if you read here regularly, we like the Alfa Romeo MiTo. Sure, it has its faults (what car doesn’t) but it’s very stylish, remarkably well put together (certainly for an Alfa), fun to drive and holds its value well (which is a real first for Alfa Romeo). But it’s not necesarily the sort of car that would register on the radar of the average Maserati owner.