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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.

One Lap of the Web: Mini challenges Porsche; kit cars; and brand loyalty

We spend a lot of time on the Internet -- pretty much whenever we're not driving, writing about or working on cars. Since there's more out there than we'd ever be able to cover, here's our daily digest of car stuff on the Web you may not otherwise have heard about. Mini wished the Porsche 911 a happy 50th anniversary.

Is this the new Lexus RC F Coupe?

Is this the new Lexus RC F Coupe? These could be Photoshops based on the Lexus LF-CC – which previewed the new IS – but they do have the feel of being real, and if they are then Lexus is delivering up an RC Coupe that’s pretty faithful to the LF-CC Concept and which promises to be a real competitor for the BMW M3. Under the bonnet of the RC F is expected to be a 5.0 litre V8 delivering around 455bhp and 400lb/ft of torque, complete with cylinder deactivation for more frugal running when you’re not wringing the neck of the V8, and mated to an eight-speed auto ‘box with flappy paddles and three driving modes.