Arias Pistons 12.5:1 Compression 82mm Bore Honda B-series on 2040-parts.com

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.

Volvo outlines strategy for U.S. revival

Volvo Cars is rolling out a broad strategy aimed at reviving the brand in the United States after a decade of shrinking demand while nearly doubling sales globally. The plan, shared with U.S. dealers on Tuesday, includes new powertrains, new vehicles, more leasing and fresh marketing under a new, global ad agency.

Caterham F1 team sold: 'F1 hasn't worked' - Fernandes

Tony Fernandes today sold his struggling Caterham F1 team By John Mahoney Motor Industry 02 July 2014 16:04 Caterham Group has announced it’s sold Caterham F1 to a consortium of Swiss and Middle Eastern investors. Caterham cars is not part of the sale. In a statement issued today, the sale of the team was said to allow the Caterham Group to focus on its ‘core activities’ that include the British car maker.