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Senate approves tax break for auto loan interest

The U.S. Senate voted on Monday to make loan interest and sales taxes on vehicle purchases deductible from federal income taxes. The proposal, championed by the National Automobile Dealers Association, was added to an economic stimulus bill under debate in the Senate.

British drivers not prepared for winter weather

Mondial Assistance Drivers in the UK are not prepared for winter weather, despite many warnings of approaching cold conditions on the run up to Christmas. A study commissioned by AXA insurance found only 6% of motorists will use winter tyres and less than a third (31%) will carry extra supplies, such as a shovel or tow rope. MSN Cars Winter Motoring GuideFind out how much a used 4x4 costs on Auto Trader This is despite drivers spending an average of two days in isolation during 2012 due to snow, ice, rain and flooding over winter.

GM completes sale of Saab to Spyker

General Motors today completed the sale of its Swedish Saab brand to Dutch luxury sports car maker Spyker Cars NV, marking the first successful sale of one of its four unwanted U.S. brands. The transaction combines Saab Automobile and its 3,400 employees with Spyker Cars and its 110-plus workers.