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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.

Deadmau5 Nyan Cat Ferrari 458 Spider for sale at £200k

What do you get if you cross a superstar DJ who wears giant rodent headgear with a Ferrari 458 Spider? Obviously the answer is Deadmau5’s Nyan Cat Purrari... You may have questions.

Mitsubishi to kill current U.S.-made lineup, bring in new platform

Mitsubishi Motors Corp. plans to kill its current lineup of U.S.-made vehicles, including the Eclipse sporty car and Endeavor crossover, over the next three years and switch to producing global vehicles at its Illinois plant, partly to target export markets. The current nameplates will be phased out by 2014 as part of the carmaker's “Jump 2013” mid-term business plan unveiled Thursday by president Osamu Masuko.