Mitsubishi Pajero Komputer Mr593604 G1t30590 on 2040-parts.com

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.

EV battery maker A123 files for bankruptcy

Lithium-ion battery maker A123 Systems Inc. filed for Chapter 11 bankruptcy protection on Tuesday in U.S. Bankruptcy Court in Delaware.

Mercedes S500 Hybrid Frankfurt reveal

Mercedes has revealed the S500 plug-in Hybrid at Frankfurt But the S-Class is the ultimates ‘Bankers Car’. So where to go with S Class without destroying the kudos for buyers is a problem. Mercedes made a start with the mild S400 Hybrid, but as we reported recently they are going much further with the S500 Hybrid which was revealed yesterday at Frankfurt.