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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.

Ford bets customers will pay premium prices for the Fiesta

Ford Motor Co. will charge more than $23,000 for a fully loaded Fiesta, a new car smaller than the Focus. Ford thinks consumers are ready to pay premium prices for small cars, which long have been dominated by budget shoppers.

New Nissan Micra Facelift: Official

The facelift for the Nissan Micra aims to up quality We got a preview of the facelift for the 2013/2014 Nissan Micra back in March when the New Nissan March arrived in Thailand, but we now we get the official reveal on the Micra facelift for the UK and Europe. And it was needed. Nissan’s decision to move production of the Micra from the UK to India and Thailand has led to a big drop in perceived quality resulting in poor sales in Europe and a big need for Nissan to up the quality and equipment offered by the Micra.