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Obama sought Ghosn to run GM, ex-car czar says
Fri, 03 Sep 2010The Obama Administration initially wanted Nissan-Renault CEO Carlos Ghosn to run GM after Rick Wagoner was ousted in 2009, and repeatedly pressed Fiat to put up cash for a stake in Chrysler, according to an upcoming book about the government bailout of General Motors and Chrysler. Steven Rattner, President Obama's auto adviser who steered the government's $85 billion bailout of GM and Chrysler, is about to publish a tell-all account about his six-month stint inside the White House. The Detroit News, Washington Post and Huffington Post obtained draft copies of the book--"Overhaul: An Insider's Account of the Obama Administration's Emergency Rescue of the Auto Industry." It is scheduled to be published Oct.
Yearly driving costs rise 3.4 percent
Tue, 05 Apr 2011This won't be a surprise to anyone--it's costing more to own and drive a car. Higher prices for fuel and tires, and a larger drop in the resale value of cars, pushed the average cost of owning a sedan to $8,776 a year, according to AAA of Heathrow, Fla. That's up 3.4 percent from a year ago.
Want your 2013 Mercedes E63 AMG to look like an E220? Now you can.
Sat, 19 Jan 2013Mercedes are to offer a Business Line Pack for the 2013 E63 AMG which tones down its extreme looks and makes it look more prosaic. If you run a successful business, it’s important to look the part. But it’s equally important not to shout about your success (well, it is in Europe) too loudly or your workforce might think you should be paying them more instead of indulging your petrolhead side, and customers might decide you’re overcharging them if you look too flash.
