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U.S. will honor clunker rebates until Senate acts, DOT chief says

The Obama administration will fund the cash for clunkers program until the Senate decides whether to add $2 billion to the original $1 billion fund that is likely to be depleted this weekend, U.S. Transportation Secretary Ray LaHood said today. He said the administration would honor dealer rebate applications filed at least through Tuesday, Aug.

Audi reveals a new turbo engine for Euro-spec A5 coupe

Audi is putting a new engine in the sleek A5 coupe, targeting better fuel economy. As of now, though, it's not scheduled for the United States. The turbocharged four-cylinder unit will displace 1.8 liters and deliver 170 hp.

Mercedes-Benz future products: Small cars to drive growth

Mercedes-Benz's U.S. executives expect to add volume with a new range of front-wheel-drive compact cars that arrive starting in 2013 and new derivatives of the redesigned C class due in 2014 or 2015. Around the world, Mercedes will introduce at least 10 new models by 2020 as part of a plan to become the world's top-selling luxury-vehicle brand by then.