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Porsche Macan gets four-cylinder powerplant

The new entry level Porsche Macan, shown alongside the new Boxster and Cayman GTS at the Beijing motor show, has become the first Porsche model since the 968 to use four-cylinder power. Parent company Volkswagen's EA888 engine -- as used by a wide range of models from Volkswagen, Audi, Skoda and Seat -- will motivate the new Porsche SUV. The turbocharged 2.0-liter inline four-cylinder direct-injection unit, boasting the same state of tune found on the Golf GTi Performance Package, develops 234 hp and 258 lb-ft of torque between 1,500 and 4,500 rpm.

Lotus supermini 'here in October 2013' - Bahar

Lotus's proposed supermini has been approved and will be built in partnership with parent company Proton and a third car manufacturer, Lotus chief executive Dany Bahar has told CAR. 'Our city car has been confirmed and will be launched in October 2013,' he said. 'We are doing this together with Proton and another OEM [original equipment manufacturer, or car maker].

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.