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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.

Honda reportedly plans electric car for '15

Honda could be joining the growing ranks of electric-car makers and reportedly plans to sell one in the United States sometime around 2015. Reports in the Nikkei Business Daily in Japan say that the car would arrive then as part of Honda's plans to meet stricter mileage standards set to take effect for the 2016 model year. The car would be Honda's answer to the Nissan Leaf and the Chevrolet Volt, which have announced eye-popping mpg figures and are due next year.

BMW X1 (2009) at 2009 Frankfurt motor show

By Ben Barry First Official Pictures 02 July 2009 00:01 CAR’s Georg Kacher drove a camouflaged prototype a few months back, but now BMW has pulled the covers off its X1 mini-SUV and revealed UK specs and pricing for the first time. Nope. Firstly, only diesel power will be offered in the UK, buyers getting a choice of 18d, 20d and 23d models.