Velvet Drive Model 1017 1.52:1 Marine Transmission on 2040-parts.com

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.

Koenigsegg Tease: It’s a customised 2013 Agera S for Geneva 2013

Koenigsegg has released a teaser image for a new Koenigsegg at the 2013 Geneva Motor Show, which will be a customised Agera S. The last news we had from the intrepid Swedes at Koenigsegg was news of a new model for China – the Koenigsegg One:1, when we were exclusively able to reveal that the One:1 was a run of five cars for China that will deliver 1hp for every 1kg of weight. Now, we have a teaser image from Koenigsegg of a car that’s heading for the Geneva Motor Show next month, and all Koenigsegg has officially revealed is the teaser image (above) and a single line of information: “Celebrate 0 – 100 – 10 with Koenigsegg Automotive at Geneva 2013″.

2010 Nissan Qashqai facelift

A camouflaged 2010 Nissan Qashqai caught testing recently Update 4/12/2009: We now have pictures of the 2010 Nissan Qashqai. The Nissan Qashqai has been a big success for Nissan. A very able crossover / Estate / SUV thingy, it has certainly made its mark since its introduction in 2007.