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Cash-for-clunkers deal to end Monday night, government says

The Obama administration plans to cut off dealer funding for the cash-for-clunkers program on Monday at 8 p.m. Eastern, after finding that the $3 billion fund is nearing depletion, Transportation Secretary Ray LaHood said. "The overriding objective was to be conservative and to provide an adequate window for a soft landing," a senior administration official said in a conference call with reporters Thursday.

Toyota outlines quality reforms; chief bows out of U.S. hearings

Conceding that breakneck expansion led to Toyota Motor Corp.'s current recall crisis, president Akio Toyoda outlined reforms meant to get quality back on track, including more active use of the car's so-called black box crash data recorder. Toyoda, grandson of the carmaker's founder, also indicated he won't sit before Congressional hearings into the quality lapses that have triggered recalls of more than 8.5 million vehicles since last fall. Yoshimi Inaba, the head of Toyota's U.S.

Luxury Ford Mondeo Vignale concept revealed

Would you buy a posh Mondeo? Ford is betting that some people will, as next year sees the Blue Oval introduce a new Vignale trim level and equipment package that offers not just more style and luxury for your money but also an exclusive, premium customer and ownership experience. As a precursor to this move, Ford has today unveiled a pair of Mondeo Vignale Concept cars, one based on the next-generation Mondeo saloon, the other on the estate.