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How to cash in on 'cash for clunkers'

OK, the "cash-for-clunkers" or "cash-for-guzzlers" program has cleared both houses of Congress and is on its way to the White House for President Barack Obama's signature, which is likely. Now, you have questions, such as, "How do I cash in on this?" Well, here are some answers: -- The program applies only to 1984 model year and newer vehicles. And the "clunker" has to have a combined fuel-economy rating of 18 mpg or less.

GM axes deal with Peugeot Citroen: how it helps Vauxhall

Wolfgang Rattay, Newscom, RTR Strange as it sounds, the sale of GM’s 7% share it only just bought in Peugeot is good news for Vauxhall buyers. The reason is that it is the last stage of GM’s plan to improve the plight of Opel and Vauxhall by getting rid of all the distractions and focusing on improving the cars and the marketing. The Peugeot move has to be seen in the context of GM pulling Chevrolet out of Europe only a few weeks ago.

Ford completes sale of Volvo to China's Geely

Ford said today it has completed the sale of Volvo Cars to Zhejiang Geely Holding Group for $1.8 billion. Divesting Volvo completes Ford CEO Alan Mulally's strategy of exiting European luxury brands to focus on the core Ford brand, following the U.S. carmaker's 2007 sale of Aston Martin, and of Jaguar and Land Rover to India's Tata Motors Ltd.