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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.
Nissan LEAF £2500 UK price drop
Wed, 23 Jan 2013Nissan has revealed that the LEAF EV will be reduced in price by £2500 with immediate effect and ahead of the launch of the uprated 2013 LEAF. The world hasn’t exactly fallen in love with electric cars, which has as much to do with the fact that an electric car, with its limited range, is never going to be a replacement for a normal ICE car. But compounding the impracticality of the EV as a replacement for the ICE car is the very high prices car makers are charging for electric cars, the sort of prices that mean buyers will probably find the ‘Cheap to Fuel’ EV a more costly option than fuelling a much cheaper comparable iICE car with petrol or diesel.
Porsche 911 Sport Classic introduced
Wed, 02 Sep 2009Porsche has announced a Limited Edition Porsche 911 that will launch at Frankfurt - The Porsche 911 Sport Classic Porsche has plundered its history to build in to the 911 Sport Classic styling cues from the past. The Sport Classic gets a ‘Duck-Tail’ rear spoiler (thank you, 1973 Carrera RS 2.7) and ‘Fuchs-Style’ alloys (ditto – at least in terms of chronology). You can also throw in to the mix a double-bubble roof (Carrera GT et al) and black surrounds to the headlights, which is evocative of the 1970s Porsche racers. So having thrown every design cue that fits from its history, what else does the 911 SC get?