Cessna 150 Spinner Cone Dome 0450027-3 on 2040-parts.com

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.

Mercedes start the tease for the 2014 S63 AMG

Mercedes are teasing the arrival of the new S63 AMG (pictured) The 2014 Mercedes S Class has already made its debut, at least in ‘standard’ guise, but there’s a lot more to come. There’s the S-Class Coupe – which will replace the current CL – and there’s the new S-Class Pullman – which will replace the Maybach. But the next instalment for the new S-Class will be the performance S63 AMG, which we’re expecting to arrive at Frankfurt in a couple of months, and ahead of that Mercedes is starting to tease its arrival.

One Lap of the Web: Key chains, Jay Leno and the Ford Fiesta

We spend a lot of time on the Internet -- pretty much whenever we're not driving, writing about or working on cars. Since there's more out there than we'd ever be able to cover, here's our daily digest of car stuff on the Web you may not otherwise have heard about. -- Speedhunters.com gives us a sneak peek of some photos in its #MaximumAttack book.