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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 challenges the van segment with some clever features
Fri, 12 Mar 2010It may be one of the least sexy vehicles Nissan Motor Co. has ever unveiled: a big white commercial van with blank side panels and a bare interior. But the new NV2500 that Nissan executives presented to the public Wednesday at the 2010 Work Truck Show represents a daring challenge to the U.S.
Hyundai reveals HND-9 for Seoul Motor Show
Thu, 21 Mar 2013Hyundai revealed renderings on Thursday of the HND-9, a luxury sports coupe coming to the 2013 Seoul Motor Show at the end of this month. The styling could preview the next Hyundai Genesis Coupe. Hyundai says the HND-9 represents an evolution of Hyundai's fluidic sculpture design philosophy.