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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.

Jaguar gets a helping hand

It has been reported this morning that Gordon Brown and Alistair Darling have agreed to dip in to tax payers funds to help Tata, the owners of Jaguar and Land Rover. Along with most other car makers in the world, Jaguar and Land Rover has been hit hard by the current economic blight. But it seems that Tata has been hit by more grief than most.

When car design meets Art Nouveau

Gray Design has revealed a new concept car called the Nouvair, inspired by the Art Nouveau design movement. The Nouvair, a retro-looking coupé complete with a long hood and trailing rear end, takes inspiration from the techniques and flowing lines favored by one of the pioneers of the movement, Czech painter and decorative artist Alphonse Mucha. Despite the release of five pictures, Gray Design didn't reveal any technical details, just confirmation of its name and its inspiration.