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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.

Move over! Fixed Penalties for middle lane hogs

Move over or get a fine! Middle lane hogs to get fixed penalties It really is remarkable the number of drivers who think three-lane motorways are split in to three lanes – lorries, them and idiots in the outside lane – and spend their whole journey sat in lane two regardless. That’s bad enough if you’re driving a car, but it’s much worse if you’re driving a heavy goods vehicle that can’t use lane three and ends up baulked and frustrated by the man with the pipe and elbow patches driving ‘steadily’ on his way.

Tesla reveals prices for the Model S EV

Tesla Model S Price Revealed The Tesla Model S finally has a proper price attached to it, with the base model starting at $57,400 and the range topper coming in at $87,400. It’s easy to take the mickey out of Tesla and their promise of an electric car nirvana with the Model S. The prices Tesla has always quoted revolve round a four seat, four door luxury executive express coming in at a frankly unbelievable sub $50k.