Afr 1036 - Eliminator 23° Street Cylinder Heads on 2040-parts.com

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.

2013 Porsche Panamera facelift & new Panamera S E-Hybrid revealed UPDATED + video

The 2013 / 2014 facelift for the Porsche Panamera has been revealed, together with a new Panamera S E-Hybrid with 410bhp. Update: We published this story before Porsche officially revealed details, but we covered most of the news on the Panamera facelift accurately. As well as the new E-Hybrid (for which Porsche are actually claiming 91mpg), there will also be a new long wheelbase Panamera ‘Executive’ model with 15cm extra in the wheelbase.

Scrappage Kicks in – UK sales improve in June

The Ford Fiesta was the best selling car in the UK in June The sales figures for June sales have just been released, and the decline in sales is the lowest for a year – down 15.7%. And it’s the Eco cars that are the big winners. Ford was top of the heap with 29,803 sales.