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U.S. will guarantee GM, Chrysler warranties, Obama says

In a bid to boost flagging auto sales, the federal government will pay for any warranty repairs on a General Motors or Chrysler vehicle if either company can't because of financial problems or a bankruptcy filing, President Barack Obama said on Monday. "Let me say this as plainly as I can. If you buy a car from Chrysler or General Motors, you will be able to get your car serviced and repaired just like always," Obama said in a speech.

BMW Concept M5 (2011) first official pictures

This is the new BMW M5 super saloon. Or at least it's the BMW Concept M5, a show car that will be unveiled at this month's 2011 Shanghai auto show, and a preview of how the production M5 will look. Apart from the darkened wheels and lack of interior, this Concept M5 mirrors the real M5 almost 100%.

Why carmakers say no to battery swapping

There's a strange disconnect surrounding Better Place, the company best known for its plan to extend the range of electric vehicles by relying on speedy battery swaps. Automotive executives are nearly unanimous in dismissing the idea. With the conspicuous exception of Nissan-Renault CEO Carlos Ghosn, rarely does an executive express interest.