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Fiat 500L five-door spotted

Autoweek spotted this manufacturer-plated Fiat 500L earlier this week on the streets of suburban Detroit. With its round headlights and cheerful grille, the five-door hatchback's resemblance to its three-door cousin is apparent even under its coat of liberally applied camouflage. While the 500L and the smaller 500 models share similar styling cues, the subcompact hatch is not just a slightly stretched 500 with two extra doors.

'Grand Bentley' preview (Video)

Bentley is teasing us with a preview video of its forthcoming 'Grand Bentley', which shows only sections of the car's flowing shoulder, hood and grille. The all-new new car, which will debut at the Pebble Beach Concours d'Elegance this summer, is claimed to be 'exceptional in all respects on the road' as well as 'the purest expression of the Bentley spirit'. It has been designed, engineered and built in Crewe, England and will be the replacement for the aging Arnage.

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.