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Obama sought Ghosn to run GM, ex-car czar says

The Obama Administration initially wanted Nissan-Renault CEO Carlos Ghosn to run GM after Rick Wagoner was ousted in 2009, and repeatedly pressed Fiat to put up cash for a stake in Chrysler, according to an upcoming book about the government bailout of General Motors and Chrysler. Steven Rattner, President Obama's auto adviser who steered the government's $85 billion bailout of GM and Chrysler, is about to publish a tell-all account about his six-month stint inside the White House. The Detroit News, Washington Post and Huffington Post obtained draft copies of the book--"Overhaul: An Insider's Account of the Obama Administration's Emergency Rescue of the Auto Industry." It is scheduled to be published Oct.

Howard Hughes’s Lincoln sells for $1 million at Tulsa auction

A 1936 Lincoln Boat Tail Speedster--customized to the personal tastes of Howard Hughes--sold for $1 million at the Leake Car Show & Auction on June 13 in Tulsa, Okla. The head-turning blue and polished aluminum classic was the headliner at a sale that raked in $12.2 million and attracted more than 10,000 people to the three-day event. The Boat Tail is a truly unique car.

2011 Kia Picanto revealed

The 2011 Kia Picanto teased in a sketch ahead of Geneva 2011 Kia are on a bit of a roll at the moment (as are sister company Hyundai) with cars like the new 2011 Kia Optima and the new Kia Sportage taking Kia’s offerings to a much higher level in terms of design and style. And perception of quality. That upwards march looks set to continue with Kia’s version of the Hyundai i10 – the 2011 Kia Picanto – which is due to launch at the Geneva Motor Show in March 2011.