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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.

Porsche Panamera to debut at Shanghai

Porsche Panamera will debut in Shanghai in April It’s a sign of the growing importance of the Chinese market that Porsche has chosen to launch the car officially in China. Even the Chinese car market is suffering at the moment, but the simple fact is that with such a huge population, and a Chinese DNA that seems to predispose them to commerce now they are allowed to ‘Trade’ once again, there will probably be more potential Porsche buyers in China in the next 10 years than in the rest of the world combined. So suck-up now seems a good motto.

Four Daihatsu concepts for Tokyo 2013 debut

If you thought the old Daihatsu Copen roadster was a bit feminine for a ‘sports’ car, you’ll be pleased with this: Daihatsu’s new, butched-up, small two-seater roadster, the 2014 RMZ Kopen concept. The aggressive-looking mini cabriolet will make its world debut at the 2013 Tokyo Motor Show later this month alongside another, rather interesting version of Daihatsu’s didi prototype – the off-road-inspired XMZ Kopen concept. Please click on the image above to read more on the Daihatsu concept cars for Tokyo 2013…