Seadoo 657 Exhaust Pipe Jetski on 2040-parts.com

Concept Car of the Week: Ford Synergy 2010 (1996)

In the early 1990s, the US government instigated the Partnership for a New Generation of Vehicles research program (PNGV). This brought Ford, GM and Chrysler together to collaborate in developing cars that could achieve up to 80mpg, and be ready to market by 2003. While working on the PNGV, in 1996 Ford introduced the Synergy 2010, featuring the firm's 'New Edge' design that debuted a year earlier with the GT90 concept.

BMW will build electric cars in Leipzig

BMW AG will produce its electric-car range at its plant in Leipzig, Germany, the automaker said on Monday. In addition, BMW factories in Wackersdorf and Landshut, Germany, will produce parts for the so-called Megacity Vehicle. “The BMW Group will build the car of the future in Leipzig with high-tech innovations from Bavaria,” BMW CEO Norbert Reithofer said in a statement.

Congress scales back tax break for car buyers

A 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.