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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 He's been replaced by GM President and COO Fritz Henderson, effective immediately.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.

Free MOTs for life for Audi owners

Audi In what can only be a bid to boost the use of official Audiservice centres, the German premium car brand is offering free MOTs for life on any age of Audi if the current owner pays to have the cam belt changed.   Audi free MOTs for life: what’s the saving and what’s the catch? The complimentary MOT offer effectively represents an annual saving of £49.99 (the current cost of an MOT), as long as you have the cam belt work carried out by an Audi Centre or Authorised Audi Repairer.

Ferrari 599 GTB 60F1 Edition celebrates 60 years of Ferrari F1

Ferrari 599 GTB 60F1 Edition Ferrari is to launch a limited edition version of the 599 GTB – the 599 GTB 60F1 – to celebrate 60 years in Formula One. Ferrari has been there since the beginning of F1, which makes Silverstone 2011 the 60th anniversary of Formula One, and to celebrate Ferrari is to release a limited edition model – the Ferrari 599 GTB 60F1. Based on the HGTE package available for the regular Ferrari 599 – which means stiffer springs and dampers, a bigger stabilizer bar at the back, bigger rubber and lowered suspension – the 599 GTB 60F1 is part of Ferrari’s Tailor Made programme (which does what it says on the tin).