Obama sought Ghosn to run GM, ex-car czar says

The Obama Administration initially wanted Nissan-Renault CEO Carlos Ghosn to run GM after Rick Wagoner was ousted in 2009, and repeatedly pressed Fiat to put up cash for a stake in Chrysler, according to an upcoming book about the government bailout of General Motors and Chrysler. Steven Rattner, President Obama's auto adviser who steered the government's $85 billion bailout of GM and Chrysler, is about to publish a tell-all account about his six-month stint inside the White House. The Detroit News, Washington Post and Huffington Post obtained draft copies of the book--"Overhaul: An Insider's Account of the Obama Administration's Emergency Rescue of the Auto Industry." It is scheduled to be published Oct.

NYC carriages about to go extinct?

If you love taking horse-drawn carriage rides in New York City, you best hurry -- they might be replaced with new horseless carriages by next year. At the New York auto show Florida-based car restoration firm The Creative Workshop introduced an eight-passenger electric horseless carriage designed to replace today's horse-drawn carriages. The company says its car blends “early 20th-century style, nostalgia and romance with 21st century eco-technology, comfort and safety,” calling the Horseless eCarriage the first brass-era-type car in more than 100 years.

GM & Peugeot Citroen Alliance. The beginning of the end for mass market car makers?

GM & PSA Alliance - an admission of failure? General Motors (GM) and Peugeot Citroen (PSA) have formed an alliance to cut costs and develop new cars. But is this an admission  mass car makers are no longer viable?