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Senate approves tax break for auto loan interest
Wed, 04 Feb 2009The 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.
Saab turns down takeover offer from Chinese investors
Fri, 21 Oct 2011Swedish Automobile, owner of Saab, has turned down a takeover offer from China's Zhejiang Youngman Lotus Automobile Co. and Pang Da Automobile Trade Co. Youngman and Pa Dang signed a nonbinding memorandum in July to take a combined 53.9 percent stake in Swedish Automobile for about $338 million.
Toyota Auris
Mon, 20 Aug 2012The new Toyota Auris C-segment hatchback at next month's Paris motor show. The company will be hoping it continues it recent upturn in design terms. The new family Toyota grille – first seen on the Yaris – adds sharpness to the nose an feeds through into the lamps and LED daytime running lights.