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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.

MAZDA5 RESIDUAL PERFORMANCE IS 'BEST KEPT SECRET'

A NEW diesel version of the Mazda5 MPV has stormed onto the market with the best residuals in its class. Used car valuation expert CAP has described the 1.6-litre diesel model as a "best kept secret" and has predicted that the Sport model will retain 32 per cent of its value after three-years and 60,000-miles. The TS2 model also performs extremely well, with a 31 per cent retained value predicted.

New Audi A3 price from £19,205

Audi has revealed that the new 3 door Audi A3 will cost from £19,205 with first UK cars due in September 2012. The new Audi A3 debuted at the Geneva Motor Show back in March and, despite looking almost the same as the old A3, is actually an all new offering from Audi. The new A3 gets a longer wheelbase thanks to the new MBQ platform, which gives more cabin room despite the almost coupe-like looks and a drop in weight thanks to aluminium bumpers and bonnet and high-strength steel.