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U.S. will guarantee GM, Chrysler warranties, Obama says

In a bid to boost flagging auto sales, the federal government will pay for any warranty repairs on a General Motors or Chrysler vehicle if either company can't because of financial problems or a bankruptcy filing, President Barack Obama said on Monday. "Let me say this as plainly as I can. If you buy a car from Chrysler or General Motors, you will be able to get your car serviced and repaired just like always," Obama said in a speech.

Lotus announces 100 new jobs

Lotus Lotus is on a recruitment drive - prompting confidence that the iconic British sportscar firm’s future looks brighter than it has for years. The company has suffered a rollercoaster ride since relaunching in 2010 with a bold promise to build five new sportscars and a supermini. But the architect of that plan, CEO Dany Bahar, was fired by the company's Malaysian owners and the expansion has since been wound down.

Maserati GranCabrio Fendi; half Maserati, half handbag

Maserati GranCabrio Fendi - a handbag on wheels Car maker like to hang a label on a special edition, and Italian car makers quite like the label to be ‘Designer’. Which at least explains the Maserati GranCabrio Fendi, just as it did the Fiat 500 Gucci. Whether it forgives it… So brace yourself for the world of pretension and ‘style’.