Fri, 16 Jan 2009
President-elect Barack Obama says he wants to keep tough conditions on automakers that get federal loans. The companies must develop sustainable business models because it would be unacceptable "to keep them on their lifeline through taxpayer dollars in perpetuity," Obama told The Washington Post. Obama said industry restructuring will require "everybody, from labor to management to creditors to shareholders, giving something up."
His comments contradict suggestions that the new administration will relax federal loan agreements reached last month with General Motors and Chrysler LLC, possibly with softer demands on the UAW.
Mon, 09 Mar 2009
A head-turning burgundy 1932 Ford B400 took home top honors at Detroit's Autorama on Sunday, winning the coveted Ridler award over seven other finalists. Dubbed the "Deucenberg V8," the car is designed to be an elegant hot rod, drawing on cues from the luxurious Duesenbergs of that era. It has an aluminum lift-off roof with cloth top, suicide doors, a stretched hood and leather interior.
Thu, 31 Mar 2011
The spiritual home of the NAIAS is set to be rejuvenated. The Cobo center in Detroit, home of the North American International Auto Show for over 24 years, is part of a $221 million project that will see it extended and renovated extensively. The Detroit Regional Convention Facility Authority have announced that many of the improvements to the Cobo center will be ready for the 2012 NAIAS, although the project is unlikely to be finished until 2014.