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Start up mobility van maker VPG shuts down
Wed, 08 May 2013Van maker Vehicle Production Group -- recipient of a $50 million loan from the U.S. Department of Energy -- has suspended operations and is in the process of being sold, its former CEO said Wednesday. The Allen Park, Mich., company, which made MV-1 vans for the disabled, terminated about 100 workers and closed its offices in February.
Obama vows to help rebuild industry to compete, win
Wed, 25 Feb 2009President 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.
Audi R8 facelift (2012) first official pictures
Wed, 25 Jul 2012Audi has updated its R8 flagship to keep up with the relentless pace of the supercar class. There are several minor visual tweaks to keep the now-six-year-old R8 looking fresh, and a substantial revision under the nip-and-tucked skin to improve performance. The new 2012 Audi R8 is available in coupe and open-top Spyder bodystyles from late 2012.