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General Motors CEO Rick Wagoner out, replaced by COO Fritz Henderson

General Motors chairman and CEO Rick Wagoner has agreed to "step aside" after pressure from the Obama administration last week, ending his eight-year tenure at the helm as the company seeks additional federal aid. He's been replaced by GM President and COO Fritz Henderson, effective immediately. GM confirmed the moves shortly after midnight Monday.

Porsche Panamera S E-Hybrid qualifies for £5,000 taxpayer incentive

Porsche Panamera S E-Hybrid qualifies for £5,000 taxpayer incentive When Porsche revealed the first facelift for the Panamera back in April, they also revealed the Panamera S E-Hybrid, a plug-in hybrid with the power of a V8 and the fuel consumption of a city car. It’s a brilliant demonstration of how car makers have worked their way round the daft CO2 tax regimes designed to strangle the marketplace for powerful, luxury cars by using technology to attain far lower official emissions figures than ever. In the case of the Panamera S E-Hybrid that means a plug-in hybrid with a 94bhp electric motor to boost the power from the 3.0 litre V6 to 410bhp.

Seat announces Exeo prices

Seat Exio - a re-badged Audi A4 [ad#ad-1] It was always a game motor manufacturers played. Re-badge an outgoing model with a subsidiary marque’s name, throw in a few ‘Design’ features, and Hey Presto. New car!