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Obama sought Ghosn to run GM, ex-car czar says
Fri, 03 Sep 2010The 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.
GM seeks $16 billion more in U.S. help
Tue, 17 Feb 2009GM asked the federal government on Tuesday for as much as $16.6 billion in additional federal aid to help it survive. Without the new funding, the automaker could run out of money sometime in March. Under the plan submitted to the U.S.
Citroen 90th Anniversary +video
Sun, 11 Oct 2009The GTbyCitroen - Citroen's 21st cecntury Supercar We derided the ambition to bring back the DS range as badge engineering for more prosaic cars. But it’s turned out better than we expected. The recently launched DS3 looks like it will offer MINI a run for their money – a step up the competition ladder for the re-badged and reworked C3.