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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.

After a miss with the Sebring, Chrysler resets its upscale mission

With the 2011 200 sedan, due in December, the Chrysler brand is taking another shot at the vast mid-sized sedan market, a target it missed badly with the Sebring. The 200, derived from the Sebring, resets the brand mission: refined design, luxury touches inside, a quiet ride and responsive handling--at affordable prices. The approach will be shared by the reworked Chrysler Town & Country minivan, also due in December, and the reworked 2012 Chrysler 300 sedan, which arrives in March.

Range Rover Evoque updated for Frankfurt Motor Show 2013

Land Rover has updated the Range Rover Evoque for 2014 with a series of new technological features. The key addition is a new nine-speed automatic gearbox but the firm says detail changes have been made throughout – making it smarter, more tech-savvy and greener. The new Range Rover Evoque will be revealed at the Frankfurt Motor Show next month, before going on sale later in 2013 in time for the 2014 model year.