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Couple to display four cars, receive new honor at Hilton Head concours

The 2012 Hilton Head Island Motoring Festival & Concours d'Elegance will include major international names in automotive collecting and racing when the event returns for its 11th-annual celebration Oct. 26-Nov. 4.

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.

Chevrolet six-month global sales highest in a century

Chevrolet saw 2.35 million global sales in the first six months of 2011--its best first-half mark in 100 years. The automaker credits the success of new small-car models for much of the growth, namely the Cruze compact, the Spark minicar, the Aveo/Sonic small car and the Orlando MPV. Chevrolet sales increased 14 percent in the United States from the same half-year period in 2010, with 286,499 more units sold.