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Senate approves tax break for auto loan interest

The U.S. Senate voted on Monday to make loan interest and sales taxes on vehicle purchases deductible from federal income taxes. The proposal, championed by the National Automobile Dealers Association, was added to an economic stimulus bill under debate in the Senate.

SEAT SUV confirmed for 2016

SEAT Compact SUV gets a green light for 2016 (SEAT IBX Concept pictured) SEAT has been threatening to build a compact SUV for years, and back in 2011 it revealed the IBX Concept (pictured above) which was the SEAT take on the Audi Q3. Now, finally, it seems VW has signed-off on SEAT’s compact SUV and the new compact SUV will hit the market in 2016, hopefully giving SEAT’s poor sales a real boost. Expected to be based on the VW MQB platform, the SEAT SUV should enable SEAT to properly compete in Europe and tap in to a market that has grown by 40 per cent in the last few years whilst SEAT’s existing market for its cars has shrunk and been compromised by a weak economy in Europe where the vast majority of SEAT’s sales are made.

Bench Racing: New crop of supercars

It's been a while since we've hypothetically raced a handful of cars around the office; long enough that an entirely new crop of supercars has arrived for us to chart, graph and dissect. Today we're zeroing in on the $1-$3 million price tag range, which fits the Ferrari LaFerrari, McLaren P1, Pagani Huayra and the Bugatti Veyron Super Sport. The first three fit neatly, pricewise, at about $1.3 million.