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Cash-for-clunkers clears 180,000 in sales, is poised for an extension

The cash-for-clunkers program has reached sales of more than 180,000--topped by the Toyota Corolla--as the Senate is poised to vote on an extension of the program on as soon as Thursday. The Ford Focus is the second-best-selling car under the program, and the Honda Civic, the Toyota Prius and the Camry complete the top five, according to Reuters. The top trade-ins were all domestics, including trucks from Ford and Dodge, as well as Jeep.

Fiat might increase Chrysler stake to 51 percent before IPO, sees no merger

Fiat SpA, the Italian carmaker that owns 20 percent of Chrysler Group LLC, may boost the holding to more than 50 percent before an initial public offering by the U.S. automaker, the companies' chief executive officer said. “I think it is possible.

(Another) Audi A3 e-tron hybrid at Geneva 2013

The Audi A3 e-tron – a hybrid A3 EV based on the A3 Sportback – will debut at the 2013 Geneva Motor Show as a concept. This Audi A3 e-tron isn’t a pointless electric supercar – like the R8 e-tron – or another rollout of the A3 e-tron BEV, but a hybrid A3 with a proper ICE engine coupled to an electric motor, just like the A3 e-tron concept we saw in Shanghai in 2011 That still means a lot of complicated and heavy technology to game the silly official economy tests and come up with ‘official’ economy figures of 158mpg and 35g/km, but the A3 e-tron would – if it were made – offer big tax breaks for company car drivers. The A3 e-tron gets a 1.4 litre direct injection petrol engine good for 148bhp working with an electric motor good for an extra 100bhp.