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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.

Renault Fluence ZE electric concept at 2009 Frankfurt motor show

By Ben Pulman First Official Pictures 15 September 2009 12:00 This is the Renault Fluence ZE, a concept car unveiled at the 2009 Frankfurt motor show that previews the forthcoming electric version of the recently revealed Fluence saloon. Along with the Kangoo ZE, it will be one of Renault’s first electric vehicles which go on sale in 2011. It does – there’s energy-saving LED lights, cameras to replace the rear-view mirrors, solar cells on the roof, dash and parcel shelf, and 21-inch wheels.

Porsche Panamera Sport Turismo on the move (video)

As a clear sign that the Porsche Panamera Sport Turismo is heading for production, we have a new video of the Sport Turismo in detail. That view is reinforced with the arrival from Porsche of video of the Panamera Sport Turismo on the move and input from a pair of talking heads – Advanced Design Style man Mitja Borkert and Michael Mauer, head of the Porsche Design Studio – giving us an insight in to the thinking behind the Sport Turismo. ‘Good design is important, because everyone loves beautiful things’, says Mitja Borkert, although some would say that function has been more important than form for Porsche in the past.