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British Motor Show Axed

The British Motor Show - Cancelled for 2010, and probably permanently Well, I suppose it’s not really a great surprise, but it’s still sad to see the demise of the British Motor Show. The SMMT (organisers of the British Motor Show) announced this lunchtime that the 2010 show has been cancelled. They stated that this was due to the crisis in the car industry at present and the ongoing world financial crisis.

The UK's most vandalised car is BMW's X5

BMW X5 buyers beware: you own the UK's most vandalised car. The big BMW has long been a fixture in the top 10 – 7th in 2011, 4th in 2012 – but now it has risen to the top of the table that summarises a nastier side of our society. The data is collected from swiftcover.com's annual Vehicle Vandalism Index, and this year's results highlight a dramatic shift in the type of vehicles listed in the top 10.

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.