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Video: Aston Martin design chief on new Rapide

CAR recently caught up with Aston Martin design chief Marek Reichman – on board one of the first Aston Rapides to be built. You can watch our video interview in the player below, as CAR contributor Guy Bird interviews Reichman. He talks about the new Rapide, and why it shouldn't be seen as a rival for a Merc S-class or even a Porsche Panamera, the crazy new Cygnet – a Toyota iQ by Aston Martin – and the new million-pound One-77 hypercar.

Obama calls for shared sacrifice in auto bailout

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.

Aston Martin CEO to auction his Rapide for Japan aid

Aston Martin CEO Ulrich Bez will put his own Rapide up for auction at the Bonhams yearly sale of Aston Martin and Lagonda cars and automobilia on May 21. All proceeds from the sale of Bez's car will go to aid victims of the recent earthquakes and tsunami in Japan. "Nobody could have failed to be moved by the recent events in Japan," Bez said.