1992 Chevy Truck Front Bumper 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.

Mini John Cooper Works GP (2012) first official pictures

Mini has unveiled the new top-dog Mini John Cooper Works GP - a limited edition, very fast, very expensive Mini hot hatch. Just 2000 Mini GP editions will be built, with first sales due for late 2012. Yes, it's a signal that current generation Mini is approaching its wind-down period ahead of the all-new, third-generation Mini models due to land from 2014.

Mazda hires VW alum Derek Jenkins to head U.S. design staff

Former Volkswagen designer Derek Jenkins has been hired to be the design chief for Mazda in America. Jenkins, 39, fills a position vacated last summer by Franz von Holzhausen, who left to take the top design post at electric-vehicle maker Tesla Motors. Jenkins had been chief of design for the Volkswagen Group in North America, which he joined in 2000.