1978 Mercury Zephyr Hood Emblem Badge 13-0821n on 2040-parts.com

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.

Alfa Romeo 4C (2012) more official pictures

Yes, yes - it's only a new paint job on the Alfa Romeo 4C concept car. But the 4C remains one of our favourite show cars in recent years, so we're only too happy to show off its new Fluid Metal colour scheme. The 4C will be shown again at the 2011 Frankfurt motor show on 13 September.

Single-seat Colibri electric vehicle set for 2015 launch

If the 2014 Geneva Motor Show heralded the dawn of a new age of small cars, then the tiny Innovative Mobility Automobile (IMA) Colibri is well placed to take advantage of this new era. The Colibri – which means hummingbird – is a small, single-seat, three-door electric vehicle that’s set to go on sale later this year. Prices for the entry-level Colibri are set to fall well below €10,000 (£8,340) plus battery rental charges, meaning it could go head-to-head with the likes of the new Citroen C1, Peugeot 108 and Toyota Aygo.