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Next-gen Passat to offer hybrid and twin-turbo power

VOLKSWAGEN is going even more upmarket with the all-new version of the Passat, which is due to hit showrooms later this year. Soon buyers will be able to include a plug-in hybrid and an all-new 2.0-litre twin-turbo diesel among their forecourt options, as VW goes chasing after its sister company Audi. Weight-saving measures have chopped up to 85kg from the new kid on a like-for-like basis, which helps achieve VW's stated efficiency boosts of 20% versus equivalent outgoing Passats.

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.

Koenigsegg One:1 – first photo ahead of Geneva Motor Show debut

The Koenigsegg One:1 (pictured) gets an enormous rear wing The Koenigsegg One:1 – Koenigsegg’s most powerful car ever – is heading for the Geneva Motor Show next month, ahead of which Keonigsegg has revealed the first photo of their new car (above). We reported just last week that the One:1 would make its debut at Geneva so, with a month to go before the Geneva Motor Show kicks off, Koenigsegg has decided it’s time to show some of what the One:1 is all about. Based on the Agera, the most dramatic difference between the two is the enormous rear wing on the back, so big it needs support from bars running in to the roof.