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Round Rock, Texas, US
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Congress scales back tax break for car buyers
Thu, 12 Feb 2009A proposed tax break for new-vehicle buyers is dramatically scaled back in the final version of the economic stimulus bill. Auto dealers and their allies had sought to make interest on auto loans and the sales and excise taxes on new-vehicle purchases deductible from federal taxes. Proponents say those measures are needed to boost showroom traffic and sales.
Bugatti Veyron L’Edition Centenaire – first photo
Sun, 26 Apr 2009Bugatti L'Edition Centenaire at Villa D'Este [ad#ad-1] We told you a couple of days ago about the latest in a long list of Bugatti Veyron special editions – The Bugatti Veyron L’Edition Centenaire. Well, all we could really show you then was a scan of the brochure for the car. After all, Bugatti wanted to keep the car secret prior to its showing at this weekend’s Concorso d’Eleganza Villa d’Este in Cernobbio, situated rather prettily by Lake Como, and hadn’t issued any pictures.
Ford reaches agreement to sell Volvo to Geely for $1.8 billion
Mon, 29 Mar 2010Ford has reached an agreement to sell its Swedish brand Volvo to Chinese carmaker Geely for about $1.8 billion in a multinational sale expected to close in the third quarter of this year. The pending agreement was announced on Sunday morning, and Ford will continue to supply powertrains, stamping and other parts to Volvo after the sale. If it closes, the landmark deal delivers the premium Volvo brand--long a benchmark for automotive safety--to a Chinese firm that has ambitious plans for growth.