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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.

Citroen Picasso five-seater (2007): first official pictures

By Jack Carfrae First Official Pictures 20 March 2007 11:36 Citroen C4 Picasso: the lowdown Citroen’s new five-seater compact MPV has arrived on UK shores to take on the likes of the Renault Scenic and the Toyota Verso. The C4 Picasso is essentially a stubbier version of the (subtly renamed) Grand C4 Picasso, Citroen’s seven-seater MPV which went on sale last year. And you could be forgiven for confusing the two - at the front, there’s not much difference apart from an extra couple of slashes in the bumper.

Four-door version of Fiat 500 coming to North America

Fiat is bringing a four-door version of the 500 small car to North America, three company sources say. The vehicle will appear in Europe at the end of 2011. Timing for the United States is still uncertain.