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Volvo plans to polish its image with styling, high-tech engines

Volvo's brand image is stuck somewhere between "premium" and "luxury," but the Swedish automaker aims to move further upscale with a fresh design language and a new generation of vehicles powered by more fuel-efficient engines. New mid-sized and large models will begin arriving in 2014 based on Volvo's lightweight SPA platform. The vehicles will use Volvo's coming generation of smaller four-cylinder engines.

Obama calls for shared sacrifice in auto bailout

President-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.

Toyota introduces Tacoma Baja Series pickup at Texas State Fair

The Texas State Fair in Dallas isn't just the home of elephant ears, fried autumn pie and walking tacos. It seems to be the new launch point for pickup trucks in the United States. Ford, General Motors and Ram have already shown their next trucks, and Toyota brought something to the party, too.