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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.
Toyota to release ‘back to basics’ GT 86 for JDM tuners
Wed, 08 Feb 2012Toyota is releasing a back-to-basics version of its GT 86 in April, specifically for the Japanese aftermarket tuning scene. The RC version is intended to be a blank canvas for customers to modify and customize according to their preferences. So wing mirrors, door handles and front and rear bumpers are unpainted, and front foglamps, tailgate lamp, intake manifold cover, stereo and speakers are all removed.
Peugeot 2008 previewed as the Urban Crossover Concept: Beijing 2012
Tue, 24 Apr 2012The Peugeot Urban Crossover previews the Peugeot 2008 Peugeot has revealed the Urban Crossover Concept at the Beijing Motor Show which previews the Peugeot 2008 Compact SUV. We’ve already had the news that Peugeot won’t be building an estate or convertible version of the new 208, but they will be building an SUV and its almost certain to be badged the Peugeot 2008. And if we’re not very much mistaken, the Peugeot Urban Crossover Concept revealed today in Beijing is, minus a few concept fripperies and with a quick badge change, the new Peugeot 2008.