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Lotus not liquidating

When a storied car brand moves only 137 units in a year in the UK and 242 in the US, predictions of said marque's demise carry a certain amount of weight -- 137 is not exactly a number that makes an automaker too big to fail. When the manufacturer in question shows up on a government list of companies to be shut down, brand-enthusiast hearts get heavy; the early stages of mourning kick in. But when the company in question is Lotus, the enthusiast thinks to himself, “Eh, they've been in dire straits before.

Volkswagen Neeza concept

By Phil McNamara/Georg Kacher First Official Pictures 20 November 2006 09:00 VW Neeza concept: the lowdown Volkswagen is developing a Ford S-Max rival – and this Neeza concept gives a clue to its thinking. Designed in China and unveiled at the Beijing motor show, the Neeza is a five-seat crossover MPV. And that's the exact concept that's under development by Volkswagen's R&D team, with a launch target of 2009.

Obama vows to help rebuild industry to compete, win

President Barack Obama on Tuesday vowed to hold U.S. automakers accountable for "bad practices" but promised to help create a "retooled, re-imagined auto industry." In remarks to a joint session of Congress, Obama gave a sobering assessment of the nation's ills--mainly economic--but said: "We will rebuild, we will recover, and the United States of America will emerge stronger than before." About midway through the speech, the president said: "As for our auto industry, everyone recognizes that years of bad decision-making and a global recession have pushed our automakers to the brink. We should not, and will not, protect them from their own bad practices.