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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.

Audi Q4 ‘Coupe’ SUV previewed in design sketches

Is this Audi Concept, heading for Beijing, the new Audi Q4 Audi are taking the ‘Design Sketch’ route for their tease of a new concept heading for this month’s Beijing Motor Show, which almost certainly portray a concept version of a forthcoming Audi Q4. Apart from the sketches, Audi are being tight-lipped about what they’re taking to Beijing, but it certainly looks like a high-riding SUV concept with a more coupe roofline than either the Q3 or Q5. In fact, this new Audi Concept looks very like the Audi Allroad Shooting Brake Concept we saw at Detroit in January and points firmly to Audi looking to extenbd its reach in to ‘Lifestyle’ SUVs with more desighn than practicality.Which is no surprise – Audi love a niche, especially one that’s growing.

2012 Volvo S60 & XC60 R-Design get more oomph

Volvo V60 R-Design - finally, more get up and go We’re quite partial to the Volvo S60 (actually, we’re even more partial to the Volvo V60) and we like how Volvo’s R-Design pack makes a real impact without making the car look like a boy racer’s wet dream. What’s also nice – in this age of parsimony – is that even if you opt for a lowly diesel version you can still have a Volvo that looks like it gets there in a hurry, even if it doesn’t. But our preference is always for a bit more power, especially if all the visual cues make you smile in anticipation, so we have been know to bemoan the lack of any sort of power boost – even as an add-on option – on Volvo’s R-Design cars.