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U.S. will honor clunker rebates until Senate acts, DOT chief says

The Obama administration will fund the cash for clunkers program until the Senate decides whether to add $2 billion to the original $1 billion fund that is likely to be depleted this weekend, U.S. Transportation Secretary Ray LaHood said today. He said the administration would honor dealer rebate applications filed at least through Tuesday, Aug.

Porsche 911 GT2 RS (2010) first official pictures

You’re looking at the new Porsche 911 GT2 RS, not just the most powerful 911 that Porsche has ever built, but the company's most powerful road car period. The output from the GT2 RS’s twin-turbo flat six? 611bhp – 88bhp more than before. And as the new GT2 RS – there will be no ‘regular’ GT2 version – weighs 70kg less than its predecessor, that wholesome 611bhp provides this rear-engined monster will a stunning 446bhp/tonne.

Who’s Where: Peter Horbury appointed Senior Vice President Design at Geely Group

Peter Horbury, presently Vice President of Design at Volvo Car Corporation, is set to join a growing roster of design directors who have relocated to China – the most recent being Gert Hildebrandt who was appointed Design Director at Chery Quantum Auto Co. (a joint venture between Chery Automobile, China's largest independent car manufacturer, and Israel Corp.) earlier this year. Horbury, who will be taking up a new position as Senior Vice President of Design at Geely Group, will be based in Sanya, in the Hainan Province of China.