Arias Pistons 12.5:1 Compression 82mm Bore Honda B-series 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.

Steve McQueen’s Ferrari 275 GTB4 restored by Ferrari Classiche

Ferrari Classiche has taken Steve McQueen’s Ferrari 275 GTB4 and put it back to original Coupe form with and-beaten steel panels. We all know that classic Ferraris are one of the better investments you can make, certainly in the long term. Just look at the recent sale of a Ferrari 250 GTO for $35 million (new price in the early 1960s was £6k) for evidence of the enormous prices classic Ferraris fetch, certainly the pre-Fiat Ferraris where production numbers were small.

Toyota Prius recalled for two fixes

Toyota Motor Corp. will recall 2.77 million vehicles worldwide--including 670,000 Prius hybrids in the United States--to fix a possible water pump problem and steering defect. The electric water pump recall covers five models globally for a tally of 630,000 vehicles.