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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.

Selling in the Motor City: RM Auctions hawks muscle cars, classic sheetmetal--and even a boat at Detroit event

The steering wheel in a 1960 Cadillac Eldorado Biarritz convertible is surprisingly thin. It's oversized and humongously circular--but still startlingly narrow considering it directs a very barge-like Caddy. Oh, and the seats are fairly comfortable.

General Motors names Ewanick global chief marketing officer

General Motors, looking to accelerate its push into major markets worldwide, tapped U.S. marketing chief Joel Ewanick to become global chief marketing officer--a new post. "As we continue our rapid growth in major global markets, it is important that we take a more customer-focused view of our overall marketing strategy," GM CEO Dan Akerson said in a statement today.