Chrysler says it needs another $2 billion in aid

In submitting its viability plan to the federal government on Tuesday, Chrysler asked for an additional $2 billion beyond the $7 billion in loans it sought late last year and outlined further steps to cut costs. Chrysler said it will reduce fixed costs by an additional $700 million, cut 100,000 more units of production capacity, discontinue three more model lines and sell $300 million more in assets.

Design Contest: Michelin Challenge Design announces 2007 theme and call for entries

At the 2006 North American International Auto Show, Michelin Challenge Design announced its theme for the 2007 Challenge. Michelin Challenge Design will ask entrants to explore the future of transportation design using safety as the focus and inspiration. "Road Safety for Everyone" is the official theme in what has become one of the industy's fastest-growing design forums.

Bloodhound SSC – 1000mph World Record plan

The Bloodhound SSC – aims to hit 1,000mph   The current world record stands at a relatively measly 763mph (measly certainly in comparison to the target set by the Bloodhound SSC Team) and the technical obstacles the Bloodhound team has had to overcome to get their record attempt on target have been substantial. The Bloodhound design has gone through ten evolutions in the last year and has now settled on a plan that has overcome initial obstacles. The first evolution of the Bloodhound saw the 200kg rocket sat above the EJ200 Eurofighter Typhoon jet engine, but that didn’t develop sufficient thrust.