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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.

Suzuki Q concept

The second of Suzuki's concept trio is the Q, whch is designed for the inner-city commuter. The highly stylized all-electric quadracycle is powered by an electric motor and battery pack, the Q has a range of 50km and a top speed of just 37mph. The Q is aimed at those with a short commute, described as being "ideal for everyday journeys within a radius of about six miles" and, as such, is pitched as a comfortable commuting tool.

New Mercedes-Benz gullwing sports coupe spied

Carmakers have their plans for this year's Geneva motor show lined up. But here's something that we expect to see at Geneva in 2010: Mercedes-Benz's new high-performance coupe. Up to now, reports are that this gullwing Mercedes sports car would wear the SLC name.