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Obama calls for shared sacrifice in auto bailout
Fri, 16 Jan 2009President-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.
Mini Superleggera Vision (2014): why BMW is likely to build its retro rocket
Thu, 29 May 2014By Georg Kacher First Official Pictures 29 May 2014 12:52 BMW surprised the Villa d’Este glitz-fest at the weekend with the Mini Superleggera Vision concept car. Produced in association with la famosa carrozzeria Touring, it’s like Mini’s found Doc Brown’s time machine and headed back to the Swinging Sixties. But fast forward a year or two and CAR can reveal that BMW is seriously considering launching a cute little roadster in line with what you see here.
Nissan shows off electric New Mobility concept
Wed, 01 Dec 2010Nissan revealed pictures of the New Mobility concept on Wednesday. The concept is a two-seat electric vehicle designed to be easy to drive, safe and clean, the company says. Nissan envisions the concept being used as a transportation service for corporations or the public.