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Obama vows to help rebuild industry to compete, win

President Barack Obama on Tuesday vowed to hold U.S. automakers accountable for "bad practices" but promised to help create a "retooled, re-imagined auto industry." In remarks to a joint session of Congress, Obama gave a sobering assessment of the nation's ills--mainly economic--but said: "We will rebuild, we will recover, and the United States of America will emerge stronger than before." About midway through the speech, the president said: "As for our auto industry, everyone recognizes that years of bad decision-making and a global recession have pushed our automakers to the brink. We should not, and will not, protect them from their own bad practices.

New Mexican Supercar company to launch VUHL 05 at Goodwood FoS

A new track-focused, road-legal supercar from Mexican manufacturer Vuhl – the VUHL o5 – will launch at the Goodwood Festival of Speed. Supercar companies spring up all over the place with men in sheds thinking they can take on established supercar makers and take a part of the supercar market in the process. Most fail to get beyond CAD renderings of their dream, but a new Supercar company from Mexico – Vuhl – has the help of established automotive industry names like Ford and Magna Steyr, and they’re promising to reveal their new car – the VUHL 05 – at this year’s Goodwood Festival of Speed in July.

Mercedes introduces illuminated three-pointed star [w/video]

Illuminated badges and emblems on cars aren't a new idea – those old enough to remember will recall the warm glow of the old Wolseley grille emblems – but in recent history they have been the reserve of concept cars and the aftermarket. Mercedes is set to restart the trend however as it begins to offer an LED-illuminated star as a dealer-fit option on the E–, GL–, M– and CLS–Class. We've started to see lighting spill out onto the exterior of concept cars for a while and this move is sure to have other OEMs and aftermarket firms alike following Mercedes' lead.