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U.S. will guarantee GM, Chrysler warranties, Obama says

In a bid to boost flagging auto sales, the federal government will pay for any warranty repairs on a General Motors or Chrysler vehicle if either company can't because of financial problems or a bankruptcy filing, President Barack Obama said on Monday. "Let me say this as plainly as I can. If you buy a car from Chrysler or General Motors, you will be able to get your car serviced and repaired just like always," Obama said in a speech.

Exclusive: Koenigsegg cuts production numbers on the CCX & CCXR Edition

The Koenigsegg CCXR Edition - Now just 4 cars in the world! The CCXR Edition was never going to be a production line car churning out one after another. It was always going to be a real limited edition model, just for the few.

Nissan design chief Shiro Nakamura meets Jay Leno, talks about new 240Z

Nissan Design's Chief Creative Officer Shiro Nakamura met talk-show host Jay Leno in the latest of the ‘Jay Leno's Garage' YouTube series, chatting candidly about the possibility of a new 240Z within the next two years. Next year will be the 80th anniversary of Nissan and the new model would be a celebration of the occasion, taking the spirit of the 240Z while refreshing the original design and shape into what Nakamura hopes will be an exciting new product. Speaking at the Nissan Technical Center in Japan, Nakamura said: "I don't regulate everything, I don't come too often.