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Transportation secretary Ray LaHood to step down

WASHINGTON -- Transportation Secretary Ray LaHood, 67, who raised awareness about the dangers of distracted driving, said he will leave President Obama's Cabinet after a replacement is confirmed. LaHood, a former Republican congressman from Illinois, has led the Department of Transportation since 2009. He announced his departure today on the agency's website.

Fisker to face Congressional committee probe

Henrik Fisker's congressional testimony on Wednesday before the House Oversight and Government Reform Committee will paint the automaker he founded as a victim of "a confluence of events" and as a still-salvageable enterprise. Fisker, who resigned from Fisker Automotive on March 13, is among the automaker and government representatives scheduled to appear before Congress to answer questions regarding $193 million in Department of Energy loans made to the company. Fisker Automotive has appeared to be on the brink of filing for bankruptcy for the past few weeks.

Gumpert back with the Gumpert Tornante at Geneva

The Gumpert Tornante will debut at Geneva We realised at the end of last Summer that Gumpert had been very quiet. We’d run a few stories – for example when the Gumpert Apollo S et a Nurburgring record – but really, very little. And then we discovered that Gumpert had been on the edge of financial oblivion and had laid off almost all its staff.