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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.

Ram heavy-duty pickup gets higher towing rating

Ram has fired the latest salvo in the ongoing pickup war between the domestic automakers, releasing what the brand claims is now best-in-class towing capacity for its 2013 heavy-duty pickups. The 2013 Ram 3500 is rated to tow a 30,000-pound trailer, up from a maximum towing capacity of 22,750 pounds for the same vehicle and powertrain setup in 2012. According to their respective Web sites, similarly equipped heavy-duty 3500 pickups from General Motors are rated at a towing capacity of 23,100 pounds, while Ford's F-350 similarly equipped is rated at 22,800 pounds.

UK Car Production Plummets

UK Car production down 47.5% in December [ad#ad-1] We knew that car sales had a rocky ride in the last quarter of 2008. And we knew that car makers across the world were cutting production levels to cope with the huge stock of cars they had. But figures just released show how dramatic the fall-off in car production has been.