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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.

Chrysler-Fiat deal would spawn new look for U.S. automaker

As Chrysler LLC negotiates an alliance with Fiat S.p.A. that would satisfy the Obama administration, sources say the companies are discussing a revised ownership structure, a new board and possibly a different management team for Chrysler. Among the options being discussed is a direct role in Chrysler's operations for Fiat CEO Sergio Marchionne--possibly even the chief executive's job.

Fiat Panda 4×4 & Panda Trekking: Price from £12,450

The 2013 Fiat Panda 4×4, revealed at the 2012 Paris Motor Show, is now on sale from £13,95. It’s 2WD sibling – the Panda Trekking – costs from £12,450. Not only is the Panda 4×4 so called because it has 4WD, but because Fiat want to shout loud and proud that this little shopping car really does have credible four wheel drive underpinnings – almost unheard of in this sector.