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Car sales rise as shutdown ends

DETROIT -- Combined U.S. sales by the Detroit 3 rose 14 percent last month, helped by strong demand for sedans and pickups and an increase in showroom traffic after the partial government shutdown ended. General Motors reported a 16 percent gain after losing market share in August and September.

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.

CAR interviews McLaren Group CEO Ron Dennis (2014)

By Gavin Green Motor Industry 17 June 2014 09:44 It seems 903bhp may not be enough. Ron Dennis – back in charge of McLaren Group as CEO after two years of hands-off frustration – confides that some owners of the P1 hypercar are demanding ‘something a bit more edgy’. Perhaps there’ll be a second chapter in the P1 story; 375 hand-built cars have already sold out to wealthy enthusiasts.