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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.

Excessive accessories are on display at the Tokyo Auto Salon

The Japanese tuning industry may finally be emerging from the economic slump if this year's Tokyo Auto Salon is an accurate barometer. The three-day spectacular--Japan's equivalent of SEMA--attracted nearly a quarter-million visitors, all eager to get a glimpse of the latest cars and the newest excessive accessories for 2011. Here's a recap: The Honda CR-Z was, without a doubt, the car of the show, and some versions were tuned to deliver up to 300 hp, thanks to turbocharging or supercharging kits.

Top Gear Nissan LEAF & Peugeot iOn Electric car episode spoofed

It's James & Jeremy testing the iOn and LEAF Yes, boys and girls, there is a new series of Top Gear looming, with the boys back on the box this month. And already a so far unseen episode is being lampooned. Very well.