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Porsche Panamera revealed at Shanghai Motor Show

Porsche has finally officially revealed the Porsche Panamera at the Shanghai Motor Show As we’ve said before, the Panamera is not the most stunning looking of cars, and is left in the wake of the Aston Martin Rapide in the style department. But it would seem to us that Porsche is going to have another Cayenne-like success on its hands with the Panamera. As with the Cayenne, its looks are criticised, but it does everything else so remarkably well, and has the kudos of the Porsche badge, and it’s hard to see how it will fail.

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.

2013 Mazda3 MPS & revised Mazda 3 range prices

Mazda has revealed the 2013 Mazda3 MPS hot hatch and announced it is adding the Tamura and Venture to the standard range. The 2013 Mazda3 MPS gets some small titivations (although you do need to look quite hard – there’s even fewer changes than the regular 2012 Mazda3) with some new tail light graphics, a new gunmetal finish for the 18″ alloys and a black Mica finish for the trim at the bottom of the back bumper, door mirrors and inner roof spoiler. Fortunately, Mazda has kept the peppy 2.3 litre turbo petrol that offers 256bhp and can scuttle the little Mazda to 62mph in 6.1 seconds.