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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.

CAR interviews Porsche design chief Michael Mauer

By Ben Barry Motor Industry 11 June 2014 09:09 CAR magazine caught up with Porsche’s head of design Michael Mauer to talk about Porsche styling. Read on for our full interview – where we discuss keeping the 911 fresh, assimilating SUVs into a sport car line-up and design inspiration in general. ‘I studied transport design in Pforzheim, Germany, and joined Mercedes in 1986.

German Grand Prix: Lewis Hamilton beats Vettel to pole

Lewis Hamilton in the Mercedes (pictured) takes pole at 2013 German Grand Prix It looks like ‘Tyre-Gate’ has been quashed before it started at the German Grand Prix, with a new tyre from Pirelli, no punctures and teams under order for minimum tyre pressures. But new tyres or not, it’s still Mercedes and Red Bull at the front of the grid, with Lewis Hamilton snatching pole position from Sebastian Vettel in the last throw of the dice in final qualifying by 0.103s. Behind Vettel was Mark Webber in the second Red Bull, followed by Kimi Raikkonen and Romain Grosjean in Lotus and Daniel Ricciardo in the Toro Rosso.