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Mitsubishi goes electric

By Ben Oliver First Official Pictures 24 October 2007 12:58 What on earth is that? The iMIEV Sport, a teardrop coupe based on the same running gear as the regular iMIEV (more of which shortly), but with two in-wheel electric motors at the front to complement the single electric motor under the boot driving the rear wheels. The firm says the set-up can mimic the four-wheel drive grip of the S-AWC system used in the Evo X, but there are no plans to put it into production.

Zagato & CPP in Joint Venture. Really, they are.

Bentley Zagato - the catalyst for the CPP Zagato deal A couple of weeks ago we reported that CPP – owners of Spyker and Bowler – has quitely gobbled up Milanese Car Design Studio Zagato at some point in 2010. Which made sense. It made sense because it is CPP that builds many of the Zagato cars you can think of.

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.