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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.

Bugatti sells its last Veyron

Bugatti has sold the last of its 300 Veyron 16.4 supercars. The customer of the final Veyron is based in Europe and is new to the Bugatti marque. Bugatti Veyron: the controversial king of the supercar world Volkswagen Group picked up the Bugatti name in 1998, following the 1995 bankruptcy of Romano Artioli's Modena-based Bugatti factory, which had produced the EB110 quad-turbo V12 supercar.

Classic BMW takes Best of Show at Hilton Head Island Concours d'Elegance

A 1937 BMW 328 Roadster owned by Lothar Schuettler of Darnestown, Md., took Best of Show honors at the Hilton Head Island Motoring Festival & Concours d'Elegance. The Sunday concours, which had BMW as the honored marque, wrapped up a weeklong event that included the Savannah Speed Classic vintage races in nearby Savannah, Ga., a tour around Hilton Head by concours entrants, a Motoring Midway and a Car Club Jamboree on Saturday featuring exhibits from car clubs from around the country. The 328 Roadster was first owned by German race driver Baron Fritz Huschke von Hanstein and is one of only 18 cars that were painted black that year.