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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.

Hennessey HPE700 Twin Turbo Corvette to bow in Boca

If you saw the 455-hp Chevy Corvette Stingray and thought, “I’ll hang on to my money for something faster,” and then you saw the 625-hp Corvette Z06, and said, “It’s a little too wild-looking for me,” the Hennessey HPE700 Twin Turbo Corvette might be just right The Texas-based tuner will reveal its latest, surprisingly tasteful offering at the Boca Raton Hangar Party that kicks off the Boca Raton Concours on Feb. 21. Hennessey claims 707 hp at 6,400 rpm along with 661 lb-ft of pavement-shredding torque in this new modified ‘Vette.

SsangYong Korando heralds SsangYong’s return to the UK

SsangYong Korando sees SsangYong back in the UK If you choose to think about the Korean takeover of the car sales charts in the last few years, you tend not to think of SsangYong. But maybe that will change with the arrival in the UK from September of the all-new SsangYong Korando, a compact SUV come Crossover aimed at its compatriots – the Hyundai ix35 and Kia Sportage. How will it get on?