Mile Marker 76-93-53000 on 2040-parts.com

Who’s Where: Peter Horbury appointed Senior Vice President Design at Geely Group

Peter Horbury, presently Vice President of Design at Volvo Car Corporation, is set to join a growing roster of design directors who have relocated to China – the most recent being Gert Hildebrandt who was appointed Design Director at Chery Quantum Auto Co. (a joint venture between Chery Automobile, China's largest independent car manufacturer, and Israel Corp.) earlier this year. Horbury, who will be taking up a new position as Senior Vice President of Design at Geely Group, will be based in Sanya, in the Hainan Province of China.

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.

Japan freeway clogged by supercar pileup

Nearly $2 million worth of vehicles were wrecked in a 14-car crash in Japan on Sunday. The pileup involved eight Ferraris, a Lamborghini, three Mercedes-Benzes and two Toyotas. The fancy car convoy was headed from Kyushu to Hiroshima when the driver of a red Ferrari skidded while switching from the right lane to the left on the rain-soaked expressway.