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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.

Volvo tests flywheel technology to cut fuel use

Volvo is testing flywheel technology--being used in Formula One racing to give cars an extra boost--as a technology that could help cut fuel use in future cars by as much as 20 percent. Flywheels recapture energy normally lost as heat during braking. That energy can then be used to help propel the car.

GM plants solar field at Chevrolet Volt factory

Looking to put a charge in its eco-friendly image, General Motors is installing a 264,000-square-foot solar field at the Detroit-Hamtramck assembly plant that builds the Chevrolet Volt plug-in hybrid sedan. The solar field, being built in cooperation with utility DTE Energy, will generate 516 kilowatts. GM says that’s enough power to charge up 150 Volts every day for a year.