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Fritz Henderson removed as GM CEO

General Motors' board of directors ousted CEO Fritz Henderson after eight months, saying it wanted to chart a new course as the biggest U.S. automaker pushes ahead with its restructuring. Chairman Ed Whitacre, 68, will succeed Henderson on an interim basis while a search for a new president and CEO starts immediately, Whitacre said at a press conference on Tuesday.

JUNKER KEEPER: Federal database tracks totaled vehicles, clunkers

First, it was the hurricane-damaged used cars flooding the market. Now, it’s the clunkers turned in--and supposedly junked--as part of the federal Cars Allowance Rebate System “cash for clunkers” program. Following Hurricane Katrina, cars declared as total losses in one state were able to get clean titles in other states and were resold to unsuspecting consumers.

Mary Kay goes Mustang

Well-to-do Mary Kay ladies might be setting their sights on black Ford Mustangs in lieu of the brand's signature pink Cadillacs. The cosmetics company unveiled the Mustang as its newest incentive car at its annual seminar at the Dallas Convention Center. Mary Kay will still loan the famous Cadillacs to sales directors who sell in the top tier of $100,000 a year or more.