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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.

2012 Chevrolet Corvette upgrades focus on track performance

To keep up on the track with the Vipers and Super Snakes of the world, Chevrolet has upgraded the Corvette for 2012. There's no change to the engines or their output for 2012, but you will shave a few seconds off your lap times with the newly optional Michelin Pilot Sport Cup Zero Pressure tire. Only offered on the Z06 and ZR1 models, the package includes the tires, 285/30-19 in front and 335/25-20 rear, and lightweight aluminum Cup-style wheels in satin black or machined finishes.

Porsche 960 & Porsche Pajun on the way

A Porsche source has confirmed that Porsche are working on a smaller Panamera – the ‘Pajun’ – and a mid-engined Porsche 960. Now that Porsche has finally become part of VW, it can move forward with its plans to fill every supercar niche in the same way Audi is in a mission to fill – and create – every premium car niche. With two new models already officially confirmed as on the way – the Porsche Macan (a smaller Cayenne) and the Porsche 918 – Porsche’s minds are now firmly focused on the next two new models from Stuttgart – the eighth and ninth models in the range.