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GM's Henderson says no decision yet on bankruptcy

General Motors CEO Fritz Henderson said today the company has not decided whether to file for bankruptcy protection, but that preparations continue in case such an action is necessary. "We have until June 1, and if we can't do it between now and June 1 then we do it in bankruptcy," Henderson said during a morning teleconference with journalists. Still in his first month at the helm after the March 30 departure of CEO Rick Wagoner, Henderson said he wasn't sure who would make the decision.

BMW gets new North America boss

Veteran BMW executive Ludwig Willisch, who has led sales operations in Europe and Japan, will take over as CEO of BMW of North America on Oct. 1. The 54-year-old German will replace Jim O'Donnell, 61, who is retiring.

Audi unveils armored A8L Security

While unveiling the Allroad E-Tron Shooting Brake at the Detroit Auto Show, Audi also quietly debuted the A8L Security version of its new range-topping sedan this week, armored to the highest level of ballistic protection for passenger cars. The A8L Security is based on the facelifted version of Audi's third-generation A8 sedan, and this armored version will be available both with Audi 4.0 TFSI V8 engine and the 6.0-liter W12. Audi set out to design the current A8L with building an armored version in mind, as opposed to the first-generation A8 of the 1990s which was not offered in Security specification until very late in the product cycle.