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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.

Toyota is adding another hybrid sedan--the Sai--for the Japanese market

The Toyota brand is getting another hybrid sedan in the Japanese market, a sister model to the Lexus HS 250h that will sport a more powerful engine than the Prius hatchback. The car, to be named the Toyota Sai, will go on sale in Japan on Oct. 20, Toyota Motor Corp.

Jaguar XKR-S Convertible (2011) first pictures

Jaguar has announced the smallest surprise of the year - a convertible version of the rabid XKR-S. We all knew it was coming, but it shouldn't take the sheen off the fastest and most powerful Jaguar open-top road car ever. It's essentially the cabrio bodyshell mated to the XKR-S mechanical spec.