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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.

Qoros 3 first Chinese five-star safety car

Qoros has become the first Chinese car brand to receive a five-star crash safety rating from Euro NCAP. The Qoros 3 small family saloon scored highly across all categories, and even performed well in the tricky side pole impact test. In fact, according to Qoros, the Qoros 3 has the “best overall performance” of any car tested by Euro NCAP so far in 2013.

2012 Porsche 911 undisguised (almost) on Video

2012 Porsche 911 undisguised - bar the lights It’s quite hard to find anything new to report about the 2012 Porsche 911 – at least on how it looks – when Porsche themselves release ‘spy’ video of the new 911. But this 911 video shows more. A sharp-eyed – and well-prepared – Porsche fan spotted the brown (Topaz Brown Metallic by the look – trendy colour) 911 at a petrol station in Suttgart and managed to grab some half-decent footage.