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Obama calls for shared sacrifice in auto bailout
Fri, 16 Jan 2009President-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.
MG CS crossover concept (2013) first official pictures
Mon, 15 Apr 2013These official sketches show MG's new British-designed concept car: the CS crossover. It's MG's second go at a SUV design, following the retro-styled Icon concept unveiled in 2012. This new car has an altogether more modern look, and is aimed squarely at young car buyers instead of MG enthusiasts.
Redesigned Cadillac CTS to debut at New York auto show
Sun, 10 Feb 2013Cadillac will debut the redesigned CTS sedan at the New York auto show in late March and put the car on sale this fall. The redesigned Escalade SUV is set to arrive in early 2014. The brand is targeting a retail sales jump of about 35 percent this year, General Motors executives told dealers Sunday at the National Automobile Dealers Association convention in Orlando, Fla.
