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Ford and Toyota to work together on rear-drive hybrid for trucks
Mon, 22 Aug 2011Engineers from Ford Motor Co. and Toyota Motor Corp. will work together to develop a hybrid powertrain for use on rear-drive trucks and SUVs, the companies said on Monday.
RIP Sergio Pininfarina 1926–2012
Tue, 03 Jul 2012Sergio Pininfarina died last night at his home in Turin. He was 85 years old. Born in Turin on 8 September 1926 to Pininfarina's founder Battista Farina, Sergio was instrumental in growing the company during his almost 50 years at the helm of the most famous Italian design house.
Obama calls for shared sacrifice in auto bailout
Fri, 16 Jan 2009President-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.