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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.

Top Gear Tonight: McLaren 12C, Ferrari 458, Audi R8 V10 Convertibles & Benedict Cumberbatch SIARPC

McLaren 12C Spider, Ferrari 458 Spider & Audi R8 V10 Spyder (pictured) on Top Gear in Spain This weekend may be petrolhead heaven at the Goodwood Festival of Speed, but FoS visitors can have an extra fix of high octane fuel when they get home tonight with episode 3 of series 20 of Top Gear. Tonight, it’s a Top Gear road trip, and this time they’re quite close to home – Spain. It seems the mission is to help Spain’s struggling economy by taking a trio of the very best convertible supercars to the Iberian Peninsula – the McLaren 12C Spider (not the MP4-12C any more), the Ferrari 458 Spyder and the Audi R8 V10 Spyder.

Cadillac CTS Sport Wagon and SRX (2009): first pictures

By Ben Whitworth First Official Pictures 15 August 2008 10:27 Against the backdrop of this year’s Pebble Beach Concours d’Elegance in California, Cadillac has pulled the wraps off two bold new models – its CTS Sport Wagon and the CRX crossover. The two cars mark a decade of Cadillac’s distinctive ‘Art and Science’ design theme – and they’re as edgy and creased as you’d expect. It’s the work of Cadillac’s global design director Clay Dean, and we reckon his team has done a pretty good job of incorporating the company’s distinctively edge look and feel with its neatly extended roofline and the way the V-shaped grille is reflected in the wedgy profile of the tailgate.