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Obama calls for shared sacrifice in auto bailout
Fri, 16 Jan 2009President-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.
Bentley future design competition held at Hongik University, South Korea
Wed, 03 Sep 2014Bentley has held its first design competition in collaboration with a university outside the UK. Director of design, Luc Donckerwolke, and head of exterior and advanced design, Sangyup Lee, tasked students at Hongik University in Seoul with designing a Bentley that would be released in 2040. In addition to looking to the future, students were asked to take the Bentley 'Blue Train' as inspiration: the car driven by three-time Le Mans-winner, Woolf Barnato, who, in March 1930, bet £100 that he could drive his Bentley from Cannes in the south of France to The Conservative Club in London in the time it took the luxurious Blue Train to travel from Cannes to Calais on the English Channel.
Earle stays with Monterey Historics for another year
Thu, 27 Aug 2009Maybe the 2010 Historics won't be so different after all. Last week, the day after the Monterey Historics concluded, founder and producer Steve Earle announced that he and his company, General Racing, would no longer be producing that well-loved event. But on Thursday, in an interesting change, Mazda Raceway Laguna Seca announced that Earle will be one of five selection-committee members planning next year's Monterey Historics race.