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Capitol Hill notebook: Obama defends autos, Akerson defends the Chevrolet Volt

Less than 10 hours after President Barack Obama wrapped up his third State of the Union address, manufacturing and automobiles continued to command the spotlight on Wednesday in Washington. The day began with General Motors CEO Dan Akerson defending the Chevrolet Volt before a U.S. House committee hearing, saying he didn't want it to become a "political punching bag," according to testimony provided by the company.

New hardcore Ferrari confirmed

By Phil McNamara Motor Industry 08 March 2007 09:01 A lighter, faster, more hardcore F430 is due this year, Ferrari boss Luca di Montezemolo hinted at the Geneva show. In 2005, Maranello unveiled the F430 Challenge, a racing version which competes in the Ferrari Challenge Trofeo series. Enthusiasts have been eagerly anticipating a roadgoing Challenge, and Di Montezemolo's off-the-cuff remarks at Ferrari's Geneva press conference suggests we won't be waiting much longer.

Panasonic invests $30 million in Tesla Motors to develop batteries

Japanese electronics giant Panasonic Corp. said late Wednesday it invested $30 million in Tesla Motors Inc. to cooperate on green powertrain development.