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U.S. will guarantee GM, Chrysler warranties, Obama says

In a bid to boost flagging auto sales, the federal government will pay for any warranty repairs on a General Motors or Chrysler vehicle if either company can't because of financial problems or a bankruptcy filing, President Barack Obama said on Monday. "Let me say this as plainly as I can. If you buy a car from Chrysler or General Motors, you will be able to get your car serviced and repaired just like always," Obama said in a speech.

The fastest - and slowest - selling used cars revealed by Glass’s

The Mitsubishi Mirage and Ford Focus: the slowest- and fastest-selling used cars revealed by Glass's By Tim Pollard First Official Pictures 28 August 2014 12:17 The best and worst secondhand cars have been revealed in a survey revealing which models sell quickly and which hang around like a bad smell. The list, compiled by used-car pricing gurus at Glass’s, claims that the Ford Focus is Britain’s fastest-selling secondhand car. On average, it takes just 24.9 days to sell a Focus on the used market in Britain.

U.S. says 90 percent of clunker claims have been approved

The U.S. Transportation Department says it has paid or approved $2.6 billion in cash-for-clunkers transactions, or 90 percent of the $2.9 billion submitted, as accelerated payments to dealers continue. A total of 534,598 claims for $2.3 billion were paid as of Sept.