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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.

Renault Alpine A110-50

As we reported earlier this week, the Renault Alpine A110-50 prototype will be shown at the 2012 Monaco Grand Prix this weekend. Designed by Yann Jarsalle and Concept and Show Car Director Axel Breun the A110-50 effectively relaunches the historic Alpine brand despite being essentially a reworked version of the Renault-branded DeZir concept unveiled at the 2010 Paris Motor Show. As well as the addition of various Alpine design cues – the stylized yellow spot lamp pods, central hood flute and blue and orange colorway – the car is built on the platform of the RenaultSport Megane Trophy racecar and so therefore requires cooling provisions for its mid-mounted engine.

Shell says petrol cars to die out by 2070

The end of the petrol-engined car is nigh, or so says Shell, in its latest New Lens Scenarios report. But don’t worry, there’s no need to panic just yet. The oil giant is predicting the end won’t come until 2070.