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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.

Next-gen Nissan Versa coming to U.S.

The next-generation Nissan Versa will be sold in the United States, the company announced on Monday morning. A sketch released shows a more sculpted and lined compact than the current car. Nissan sold 7,021 Versas in September in the United States, an increase of 47 percent over the same period in 2009.

Jaguar Land Rover: 800 new jobs & record sales

Jaguar Land Rover are creating 800 new jobs at their Solihull plant as they reveal record sales for 2012 of 335,000 vehicles. The end of last week saw Honda plans to cut 800 jobs as the European market for Honda fizzled under a cloud of economic gloom, but no such problems at Jaguar Land Rover. Jaguar Land Rover has revealed plans for 800 new jobs at Solihull (following on from 1,000 new jobs last March, 1100 new jobs last July and 1000 new jobs in November 2011),  after revealing record sales across the globe in 2012, selling an impressive 335,000 vehicles.