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GM's Tom Peters on breaking Corvette design tradition [w/Video]

GM design director of performance vehicles and full-size trucks Tom Peters has defended his decision to break from Corvette tradition by abandoning round rear lamps for the 2014 Stingray in an Autoweek video. The rear lamp design of the new model has been criticized as being "too Camaro" by some, to which Peters challenges them to park one alongside the other before he highlights just how different they are. Functionality also played a key role in the rear lamps' redesign, he explains, such as rear aerodynamic considerations, new LED technology previously unused in Corvette design, and depth of sculpture opportunities.

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.

Lotus Elise Club Racer released for U.K.

Lotus will release a stripped-down version of the Elise, called the 1.6 Lotus Elise Club Racer. However, it will be available only in the United Kingdom. The already scant two-seater loses another 54 pounds with measures such as the use of a lightweight battery, the deletion of sound-deadening material and the removal of the radio speakers.