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General Motors CEO Rick Wagoner out, replaced by COO Fritz Henderson

General Motors chairman and CEO Rick Wagoner has agreed to "step aside" after pressure from the Obama administration last week, ending his eight-year tenure at the helm as the company seeks additional federal aid. He's been replaced by GM President and COO Fritz Henderson, effective immediately. GM confirmed the moves shortly after midnight Monday.

Peugeot 508 RXH & 508 Saloon HYbrid4 price & spec announced

Peugeot 508 RXH & 508 Saloon HYbrid4 arrive in the UK The Peugeot 508 RXH HYbrid4 is joined by the Peugeot 508 saloon HYbrid4 with UK price and specifications revealed. The Peugeot 508 RXH HYbrid4 – using Peugeot’s 4WD diesel hybrid setup – debuted at Frankfurt last year and is being joined a the 508 HYbrid4 saloon in the UK. Peugeot has now announced prices and specs for both the range-topping RXH hybrid estate and the 508 hybrid saloon – a cheaper offering and perfect for company car buyers with its sub-100g/km CO2 emissions, 100 per cent first year writing-down allowance and decent BIK rates.

McLaren P12 hypercar confirmed for Paris debut

McLaren has confirmed its new flagship model, code-named P12, will make its world debut at the Paris motor show, the first time the company has attended an auto show in its recent history. The announcement was accompanied by a teaser image of the car that appears to feature an unusually low scuttle height and a glass canopy. First impressions suggest it may offer some respite from the current crop of rather uneventful-looking supercars.