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England football squad planning big car buys after the World Cup

The Ferrari 458 Spider – just one of the supercars heading for an England player We’re all aware that our very well-paid Premier league footballers love to spend their loose change on a never-ending stream of exotic and expensive wheels, but it seems – almost to a man – they’re planning a big spending spree when they return from Brazil. Magnitude Finance – a go-to finance company for high-end purchases – has revealed that thirteen of the current England squad are clients and that they have big plans for their car fleets when they get back from Brazil – whether they win and get a reputed £350k win bonus or not. The most popular cars being lined up by the players include the new Range Rover, the Lamborghini Aventador LP700-4 Roadster and the Ferrari 458 Spider.

Congress scales back tax break for car buyers

A proposed tax break for new-vehicle buyers is dramatically scaled back in the final version of the economic stimulus bill. Auto dealers and their allies had sought to make interest on auto loans and the sales and excise taxes on new-vehicle purchases deductible from federal taxes. Proponents say those measures are needed to boost showroom traffic and sales.

Trio of Mitsubishi concepts bound for Tokyo

Mitsubishi is bringing three new concepts to next month's Tokyo motor show, the first to be developed with the automaker's ‘@earth' design philosophy. The carmaker says the three will emphasize Mitsubishi's engineering and advanced technologies that embody environmental responsibility, driving pleasure, toughness and safety. Concept GC-PHEV is a full-size SUV that uses a high output PHEV (plug-in hybrid electric vehicle) system and is billed as a ‘connected car' offering preventive safety technology, wireless connectivity and driver support.