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General Motors CEO Rick Wagoner to quit, reports say

General Motors CEO Rick Wagoner is about to resign after eight years as the Obama administration prepares to decide on the automaker's request for additional government rescue loans, two people familiar with the matter said. A senior Obama administration official told NBC's John Yang that Wagoner, 56, was asked to step down by the White House. The automaker, which has lost about $82 billion since 2004, awaits word Monday from President Obama on a request for as much as $16.6 billion in additional U.S.

Dan Darancou appointed Chief Designer at CH-Auto

Former GM design manager Dan Darancou has become Chief Designer at CH-Auto, a major Chinese car design studio that supports numerous domestic car manufacturers as well as international car companies looking to sell vehicles in the burgeoning automotive market. Darancou, who started his new role on November 1, will be overseeing all design activities as well as facilitating the liaison between the styling and engineering departments so the company can deliver complete ready-for-production vehicles and services. As well as tackling these initiatives, Darancou will also be promoting the organization, furthering the company's goal to become the premier car design studio in China.

Designer Paul Smith launches exhibition

DESIGN GURU Sir Paul Smith has given a glimpse into his world with a re-creation of his office forming part of a new exhibition dedicated to his work. The fashion star takes centre-stage at the Design Museum in London for the next four months with items from his vast archive on display. Sir Paul was at the launch today, posing alongside colourful life-size cardboard cut-outs and showing off sketches, designs and other paraphernalia from his lengthy career as one of Britain's best-known creative forces.