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Obama vows to help rebuild industry to compete, win

President Barack Obama on Tuesday vowed to hold U.S. automakers accountable for "bad practices" but promised to help create a "retooled, re-imagined auto industry." In remarks to a joint session of Congress, Obama gave a sobering assessment of the nation's ills--mainly economic--but said: "We will rebuild, we will recover, and the United States of America will emerge stronger than before." About midway through the speech, the president said: "As for our auto industry, everyone recognizes that years of bad decision-making and a global recession have pushed our automakers to the brink. We should not, and will not, protect them from their own bad practices.

Bob Lutz reportedly to stay on at General Motors

Bob Lutz, General Motors vice chairman and internationally renowned product guru, has reversed his retirement plans and is expected to stay with the remade car company as it charts a new path out of bankruptcy. Multiple media outlets are reporting Lutz, 77, has changed course and will not retire from GM at the end of the year as he had planned. Automotive News, citing anonymous sources, says the veteran industry leader will stay on at the company, possibly in a marketing or communications role--and could have product input.

Free Regent Street Motor Show to showcase past, present and future

A GLORIOUS MIX of old and new will descend on the capital in early November as the Regent Street Motor Show returns. On Saturday 2nd November Regent Street closes to traffic from Piccadilly Circus to Oxford Circus, allowing over 300 cars to go on display in a free show for the public. The display will include as many as 100 pre-1905 veteran vehicles which will compete in the EFG International Concours d’Elegance and then take on the London to Brighton Veteran Car Run the following day - the oldest competitive driving event in the world.