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SRT introduces Anodized Carbon Viper GTS

SRT introduced a limited run of Anodized Carbon Special Edition packages for the 640-hp Viper GTS at the Los Angeles Auto Show on Wednesday. The metallic, matte-gray exterior is being used by Chrysler for the first time on this car. “We’ve been waiting for the right time to use this new color at the Chrysler Group, and, as the flagship for the SRT brand, the Viper is the perfect vehicle to showcase this combination of finishes and details to create such a unique look,” said Ralph Gilles, president and CEO of SRT.

VW's wild new 496-hp Golf GTI

UPDATED: Volkswagen has revealed a 496-hp version of the seventh-generation Golf GTI as part of activities at this year's Worthersee fan meet in Austria – and with it, projected the hot hatchback into the same league as some of the world's most celebrated supercars. Dubbed the Design Vision GTI, the radical new concept showcases a twin-turbocharged 3-liter V6 engine developed for use in upcoming models that, like the new Golf GTI, are based around Volkswagen's highly flexible MQB (modular transverse architecture) platform structure. Set to find its way into selected new Volkswagen models in future years, the direct injection engine replaces the Golf GTI's turbocharged 2.0-liter inline four, and is mounted transversely in the engine bay of the Design Vision GTI.

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.