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Fiat 500 Street – yet another 500 Special Edition

Fiat has revealed another special edition 500 – the Fiat 500 Street – with extra equipment and a sporty look. It must be all of a week since we’ve had a limited edition Fiat 500, so it was long overdue. Determined to produce as many limited edition 500s as they possibly can to get punters through showrooms, Fiat has added the Fiat 500 Street to its current lineup in a bid for a few more hard-earned Pounds heading their way.

Toyota Prius C Concept – a City Prius for 2012

The Toyota Prius C Concept - a 'City' Prius The Prius – love it or hate it – has been with us for more than a decade, with the third generation Prius arriving in 2009. And we’ve long expected Prius to become a brand – just like Lexus – but it’s never happened. What is happeneing is the expansion of the Prius as a model range, starting with the Toyota Prius V MPV debuting at Detroit.

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.