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General Motors CEO Rick Wagoner out, replaced by COO Fritz Henderson
Sun, 29 Mar 2009General 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 He's been replaced by GM President and COO Fritz Henderson, effective immediately.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.
Gatso revenues 'quadrupled' under Labour
Wed, 06 Aug 2008The UK's blight of speed cameras have quadrupled the revenues raised from fines, say the Conservatvies By Tom Richards Motoring Issues 06 August 2008 13:04 A million extra speeding tickets are being dished out every year compared with when Labour first came to power in 1997, the Opposition claimed this week. The Conservatives have published figures proving that the number of speeding fines has leaped from 712,753 in 1997 to 1,773,412 in 2006. The shocking stats include fines given to motorists caught on camera as well as those stopped at the roadside by traffic police.
BMW M5 F10M (2011) track test video
Wed, 11 May 2011BMW M has released new video footage of the upcoming F10M M5 performance testing at the BMW Miramas test centre in southern France. Is this BMW M5 video worth risking a sneaky peek at the office? If you like the M5 or fast cars in general, yes. Compared to previous entries in the M5 teaser video campaign this one shows the BMW M engineers creating enough wheelspin and oversteer to make us think that they're auditioning to work in the motoring media. The video, at nearly four minutes long, shows M5 prototypes largely stripped of camouflage sheeting being put through their paces on the test circuit, as well as undertaking some low speed incline testing on a 32 degree gradient. What we can see conforms with the M5 Concept shown at the 2011 Shanghai motor show.Apart from the aforementioned tyre abuse, you also get clear shots of the new M5's instrument panel, showing the M-DCT transmission's shift mode selector and adaptive damping display.