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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.

Volkswagen Jetta Alltrack crossover possible

Volkswagen is not finished with plans to extend the Jetta portfolio. The suits inside the Wolfsburg, Germany, headquarters are mulling a plan for a crossover version of the future Jetta SportWagen along the lines of the recently introduced Alltrack concept. “We think there is definite sales potential in North America and other world markets for a new lifestyle-targeted Jetta model,” a senior Volkswagen source divulged.

BMW builds its first MPV! Official pics of BMW Active Tourer leaked

These leaked pictures reveal the first of a new generation of front-wheel-drive BMWs – the production version of the firm’s 2012 Concept Active Tourer show car. Yes, it’s the first-ever BMW MPV. While instantly recognisable as a descendent of last year’s concept car, the production version of the people carrier seen here features a stubbier nose and reshaped bonnet, as well as losing the show car’s oversized wheels and complex wing mirrors.