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House narrowly passes scaled-back 'cash-for-clunkers' bill

The U.S. House on Tuesday narrowly passed a scaled-back version of a bill that would give consumers cash vouchers of between $3,500 and $4,500 if they trade in their cars for newer, more fuel-efficient vehicles. The $1 billion cash-for-guzzlers proposal, modeled after successful programs in Germany and other European countries, is part of a $106 billion supplemental spending measure designed mostly to fund the wars in Iraq and Afghanistan.

Barcelona’s Ferrari Land to open in 2016

Ferrari and PortAventura Entertainment -- a subsidiary of industrial solutions and capital company Investindustrial -- have inked a deal to build a new Ferrari Land amusement park inside the PortAventura resort near Barcelona, Spain. The theme park will cover 807,000 square feet, including attractions like Europe’s highest and fastest roller coaster, five-star accommodations, 250 hotel rooms and a driving simulator. The project involves an investment of 100 million euro ($139 million).

Production Peugeot RCZ R revealed ahead of Goodwood FoS debut

Production Peugeot RCZ R (pictured) revealed Peugeot promised a more powerful RCZ – the RCZ R – at the Paris Motor Show last year, and subsequently confirmed it would arrive at the 2013 Goodwood Festival of Speed. Now, with the FoS kicking off today with the Moving Motor Show, Peugeot has revealed photos of the production RCZ R – painted in sporty red – and given us some proper specs. As we already knew, the RCZ R makes use of the PSA/BMW 1.6 litre turbo petrol the regular RCZ already has, but in the R’s case Peugeot has managed to turn the wick up to 11 and delivered 270bhp.