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New Ford Mondeo to get new 1.5 litre EcoBoost engine

The new EcoBoost engine will also be turning up in the Ford Fusion for North America, but the UK and Europe are going to have to wait until at least the end of 2014 – when we get the new Mondeo - before the new engine is on offer. The 1.5 litre EcoBoost offers improved economy and emissions compared to the 1.6 litre currently available  - with similar power, performance and torque compared –  but one of the main reasons for offering it is that many countries offer tax breaks for engines under 1.5 litres. The new engine will be built by Ford In Romania initially (although it will get churned out elsewhere too in due course) and offers turbocharging, direct fuel injection and variable valve timing.

Iconic Saab 900 convertible turns 25

In happier Saab news, the iconic Saab 900 convertible is a quarter of a century old this year, having made its U.S. debut in 1986. The 900 convertible played a key role in expanding the drop-top segment from a tiny niche in the market 25 years ago to its current .

Chrysler offers to double cash-for-guzzlers incentive on most '09 models

The Chrysler Group is offering consumers $4,500 on most of its 2009 models, doubling the cash-for-guzzlers incentive offered by the federal government. "Double Ca$h for Your Old Car," offers up to $4,500 cash or 0 percent financing for 72 months on qualifying new vehicles, even if the consumer's trade-in doesn't qualify for the federal incentive. The program starts Thursday, July 23, and runs through August, Chrysler announced Wednesday.