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.

Chrysler to begin building the next Jeep Grand Cherokee in May

Chrysler Group will begin building the 2011 Jeep Grand Cherokee--the first salvo in an effort to restore a product-starved lineup--on May 3, CEO Sergio Marchionne said Tuesday. Marchionne told an industry conference in New York that sales of the redesigned Grand Cherokee will begin in July. Chrysler plans to have 100 percent of its existing lineup refreshed or replaced by the end of 2012, as a wave of new products derived from the alliance with Fiat S.p.A.

Theory driving test cost to be cut

THE COST of the written part of the driving test is to be reduced, the Government has announced. Under Government plans, which are now out for consultation, the cost of sitting the theory section of the test will be reduced from £31 to £25 from October 2014, with a further drop of drop of £2 planned in October 2015. The proposals could save learner drivers in excess of £100 million over the next nine years.