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Capitol Hill notebook: Obama defends autos, Akerson defends the Chevrolet Volt

Less than 10 hours after President Barack Obama wrapped up his third State of the Union address, manufacturing and automobiles continued to command the spotlight on Wednesday in Washington. The day began with General Motors CEO Dan Akerson defending the Chevrolet Volt before a U.S. House committee hearing, saying he didn't want it to become a "political punching bag," according to testimony provided by the company.

Maserati Levante SUV confirmed for 2015 – Alfieri could arrive in 2016

The Maserati Levante SUV (pictured) will arrive in 2015 Fiat’s plans top revive the Maserati brand are off to a good start after sales grew strongly last year to more than 22,500 cars in the first nine months with the new Quattroporte and new Ghibli contributing strongly to those figures. But with a target of 50,000 sales a year, Maserati need new models too and the next in line for production is the Maserati Levante SUV, which Sergio Marchionne has now confirmed will arrive in production guise in 2015. It was expected the Levante would be a re-working of the new Jeep Grand Cherokee, but with the Grand Cherokee selling in droves – and with a desire to make the Levante as ‘Italian’ as possible – it now looks like the Levante will get a version of the platform underpinning the Ghibli and use Maserati’s own 4WD system.

Koenigsegg One:1 officially revealed – it’s not a Supercar, it’s a MEGACAR

The Koenigsegg One: 1 (pictured) officially revealed ahead of Geneva Cars UK exclusively revealed the first details of the Koenigsegg One:1 back in November 2012, and now it’s heading for its public reveal at the Geneva Motor Show next week. So extreme is the One:1 that Christian von Koenigsegg has dubbed it ‘The world’s first MegaCar’, and looking at the specification he may have a point (it has 1 Megawatt of power). The Koenigsegg One: 1 produces a massive 1340 hp and over 1000lb/ft of torque an weighs 1340kg – the world’s first 1:1 power to curb weight ratio supercar – enough to deliver 2G cornering capability together with 610KG of downforce at 160mph thanks to active under and over body aerodynamics.