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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.

Paris bans some cars to cut smog

PARIS is taking drastic measures to combat its worst air pollution in years, banning around half of the city's cars and trucks from its streets in an attempt to reduce the toxic smog that has shrouded the French capital for more than a week. Cars with even-numbered licence plates were prohibited from driving in Paris and its suburbs today, following a government decision over the weekend. Around 700 police were patrolling the morning rush-hour, handing out tickets to offenders.

Design Contest: Renault UK launches Twizy student design competition

We all know how expensive higher education is, so the chance to win up to £9,000 towards UK tuition fees in return for submitting graphic designs for the Renault Twizy sounds very appealing. All you have to do is visit designatwizy.co.uk to download a layout of the front, side and rear and submit as many entries as you like. The closing date is 20 February, when a panel including Senior Vice President, Corporate Design, Laurens van den Acker will choose a top 10 to enter a public vote.