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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.

World Car Design of the Year 2014 award shortlist revealed

The BMW i3 and Volkswagen XL1 are amongst the contenders for the World Car Design of the Year award as the top 10 finalists in each category of the tenth annual World Car Awards are announced. The full shortlist of nominees for the 2014 World Car Design of the Year Award are: BMW i3; Cadillac CTS; Citröen C4 Picasso; Lexus IS; Mazda3; Mercedes-Benz C-Class; Volkswagen XLR1; Cadillac ELR; Range Rover Sport and Volkswagen XL1. As in previous years for the World Car Design of the Year award, a panel of five design experts reviews all candidates before writing up recommendations for the jury of 69 international automotive journalists to consider.

Slots of Fun: Racers gather for a good cause

“This wasn't your traditional fundraiser,” said slot-car-enthusiast-turned-fundraiser Bruce Talamon. “This wasn't your traditional, ‘Hey, come drink and sip white wine or do a run or do a bike ride.” It was slot cars, which turned out to be a lot more fun. But it wasn't just a couple guys in a garage with some plastic track and a transformer.