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Nissan revives Datsun for emerging markets

Nissan revives Datsun - but not for cars like the 280ZX Nissan has confirmed that it is bringing the Datsun brand back for affordable cars in emerging markets. It’s thirty years since Nissan gave up being Datsun and embraced the Nissan name for its worldwide offerings. But now it’s back to the future with the Datsun brand being revived for affordable cars in emerging markets.

Obama vows to help rebuild industry to compete, win

President Barack Obama on Tuesday vowed to hold U.S. automakers accountable for "bad practices" but promised to help create a "retooled, re-imagined auto industry." In remarks to a joint session of Congress, Obama gave a sobering assessment of the nation's ills--mainly economic--but said: "We will rebuild, we will recover, and the United States of America will emerge stronger than before." About midway through the speech, the president said: "As for our auto industry, everyone recognizes that years of bad decision-making and a global recession have pushed our automakers to the brink. We should not, and will not, protect them from their own bad practices.

Special Ford Mustang honors Iacocca's pony car

Nearly 20 years after Lee Iacocca retired--and 45 years after he helped launch America's first pony car--the former Ford and Chrysler exec is attaching his visage to this: the Iacocca Silver 45th Anniversary Edition Ford Mustang. Planned for a limited run of only 45 units, the "I" edition features 5 hp more than stock from the Ford 4.6-liter V8; a 400-hp supercharged version is optional. Ford Racing suspension is standard, while 14-inch Ford Racing brakes are optional.