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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.

BMW launches ad campaign to combat texting while driving

We know that texting while driving is bad. Now a new national ad campaign from BMW puts the dangers of distracted driving in high relief. The campaign is comprised of TV, print, online and radio ads and a strong in-dealership message.

VW Golf R 400 could get more than 400PS – which makes a bit of a nonsense of its name

The VW Golf R 400 (pictured) may not actually be an R 400 The Beijing Motor Show last month saw the debut of the VW Golf R 400, an extreme take on the VW Golf R with a full 400 PS (395bhp) at its disposal. When Volkswagen revealed the R 400 as a concept we did note that it looked more production-ready than concept, and it took VW less than a week to confirm that the Golf R 400 was indeed heading for production. Now, just to muddy the waters a bit (or raise expectations), VW’s R&D chief Heinz-Jakob Neusser has said that when the Golf R 400 does arrive it could well be with more than 400PS.