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Cadillac sets the base price for the 2011 CTS-V wagon at $62,990

Prices for the 2011 Cadillac CTS-V wagon will begin at $62,990, including destination charges. Available with either a six-speed manual or a six-speed automatic transmission, the CTS-V is powered by a 6.2-liter V8 delivering 556 hp and 551 lb-ft of torque. Options include Recaro heated and ventilated driver and front-passenger seats ($3,400); 19-inch aluminum wheels ($800); midnight Sapele wood-trim package ($600), and a suede steering wheel and shifter ($300).

Fisker Automotive lays off some workers as government reworks loan

Work on the Fisker Nina family sedan has temporarily halted at the Fisker Automotive plant in Wilmington, Del., while the carmaker and the federal government hash out details of the company's $529 million Department of Energy loan. The interruption has resulted in the layoff of 26 people at its Delaware plant and a number of contract engineers at Fisker's Anaheim, Calif., headquarters. Fisker Automotive said some of the engineering-staff reductions in Anaheim were already planned to occur in between development of the Karma and the Nina.

Charles Morgan leaves Morgan

Charles Morgan is no longer a part of the Morgan Motor Company’s management team or board of directors, a press release from the Morgan Technologies arm of the British sports car maker has confirmed. As things now stand, this essentially means that after 103 years, the family that started the firm is no longer involved in running the company. On Bing: see pictures of Morgan cars Find out how much a used Morgan costs on Auto Trader Charles Morgan is the grandson of Morgan Motor Company founder, HFS Morgan, and joined what has always been a family business in 1985.