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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.

VW builds case for large SUV for U.S. market

Volkswagen is building the business case for a large SUV in the United States. The vehicle is a key to the company's plan to nearly double the VW brand's U.S. sales to 800,000 units by 2018.

Volvo ES wagon completes new concept car trio (2014)

By Ollie Kew and Damion Smy First Official Pictures 24 February 2014 10:00 This is our first look at the new Volvo estate car concept that’ll be shown at the 2014 Geneva motor show. Called the Volvo ES Concept, it’s the third and final design study from Volvo’s new chief designer Thomas Ingenlath, who’s been pinched from Volvo rival VW to pen a sharp and sexy new range of Swedish metal to take on the dominant Germans. We’ve seen Ingenlath’s idea of a BMW 4-series-sized coupe, and an XC90-previewing SUV.