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General Motors CEO Rick Wagoner to quit, reports say
Sun, 29 Mar 2009General 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.
Budget 2009 - UK gets £2000 scrappage scheme
Wed, 22 Apr 2009By Ben Pulman Motor Industry 22 April 2009 15:15 Chancellor Alistair Darling has announced a £2000 car-scrapping incentive, and a surprise 2p per litre increase in fuel tax in the latest budget. Darling delivered his Budget speech at 12.30pm GMT today. Scroll down the page to see our edited highlights of the 2009 Budget, read in-depth details of the scrappage scheme and see how the motor industry has responded.
Skoda Rapid Spaceback stars at the 2013 Frankfurt Motor Show
Mon, 09 Sep 2013The Rapid Spaceback - it sounds like the kind of name you'd give to the world's fastest car. Or some kind of spaceship. But no, the Rapid Spaceback is the latest offering from Skoda and it's making its debut right here at the 2013 Frankfurt Motor Show.