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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.

Australian Automotive Industry Design Night announced

The Australian Auto Industry Design Night is set to take place on 28 June despite the surprise cancellation of the Melbourne motor show. Traditionally held on the first day of the show, this year's Auto Industry Design Night will be held at Gasolina, South Wharf, Melbourne. Gasolina is a concept created by two friends Dean Johnson and Carl Cerra, who is also an industrial designer/clay modeler and has also worked throughout Europe, you can check it out here.

Royal College of Art Degree Show 2010

Car Design News made its annual pilgrimage to Kensington Gore in central London for the opening of the prestigious Transport Design exhibition. Fifteen students graduated from the course this year all of whose work was viewed by a number of RCA alumni including Patrick Le Quément, David Wilkie and Peter Stevens. As with many of the college exhibitions this year, there was a clear emphasis on sustainability and the reinvention of the paradigms of ‘luxury' and ‘sportiness'.