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Cash-for-guzzlers funds will run out before Nov. 1, dealer group warns

The cash-for-guzzlers program will run out of its $1 billion funding "well before" its Nov. 1 expiration date, a spokesman for the National Automobile Dealers Association said Thursday, after the government said dealers have already applied for 10 percent of the funds. As of 4 p.m.

Concept Car of the Week: Ferrari Pinin (1980)

Over the years, Ferrari has slowly built a reputation for the fact that any car that wears the prancing horse badge on its bonnet ought to be a design masterpiece. Everyone has their own personal favorite: 250 GTO, 250 GT California Spider, 330 P4, Modulo, Daytona, you name it...  Yet few would remember – or even know about – the odd ones, the ugly Ferraris hidden away, rarely allowed to see the light of day; a few rare cars that got brushed under the carpet as quickly as they appeared include the 365 GTC/4, FZ93 Zagato, the 408 Integrale and the Pinin. Most of them are the work of independent studios, long-distanced from Enzo's (dis)approval.

Hyundai rules out separate premium brand

Hyundai Motor Co. has ruled out spinning off the Genesis or Equus nameplates to create an independent premium brand along the lines of Lexus or Infiniti, partly because of the enormous cost involved and possible image damage to sibling nameplates. "There are no plans for Hyundai to make a separate brand," Vice Chairman Shin Jong-Woon said in an interview Friday at the carmaker's headquarters in Seoul, South Korea.