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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.

BMW GINA concept

BMW Group Design has just revealed a revolutionary new concept car which utilizes a flexible textile cover to form its outer skin. Called the ‘GINA' Light Visionary Model - an acronym derived from the principle of Geometry and Functions In "N" (Infinite) Adaptions - the concept offers dramatically different solutions that affect the design and functionality of future cars. The almost seamless flexible textile cover that stretches across a moveable substructure has dispensed with the usual body elements found on production vehicles such as front apron, bonnet, side panels, doors, wheelarches, roof, trunk lid and rear deck.

New Jaguar XJ to show in July

The new Jaguar XJ Saloon - Will appear in July It is absolutely true that Jaguar has done a remarkable job of bringing the XJ up to date both under the skin and in the cabin. But it’s now perceived, quite rightly, as a bit of a luxury dinosaur. Where once it was the default choice for British businessmen to fly the flag, the allure of more contemporary contenders like the Mercedes S Class, the Audi A8 and the BMW 7 series have eclipsed its allure.