Speedometer Cluster E320 1995 95 377844 on 2040-parts.com

Ferrari looks at layoffs, cuts back production

We guess it's not all GTOs and 458 Italias. The word out of Italy is that Ferrari is looking at cutting production and eliminating 9 percent of its workers after sister company Maserati cut engine orders. Ferrari made only about 4,500 engines for Maserati last year, compared with nearly 9,000 in 2008.

Peugeot 308

Despite the continuation of the nameplate – unique in the company's recent history – this Peugeot 308 is an all-new competitor in the European C-segment hatchback market. The new 308 sits on PSA's new EMP2 modular platform, which will underpin future Peugeot and Citroën C- and D-segment cars in much the same way as the VW Group's MQB chassis. The upshot for the designers is its flexibility, specifically in terms of proportions.

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.