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Smart's $99 loan deal has big balloon payment at end

Hoping to benefit from the federal cash-for-guzzlers program, Smart USA has set up a $99 monthly payment for buyers who use their $4,500 rebate. But there's a catch--and a hefty balloon payment disclosed only as a note to an asterisk in Smart's press information announcing the offer. The Smart financing is for $99 a month for 36 months, with a balloon payment of $6,667 due at the end.

Nissan expands Beijing studio

With the expansion of the Chinese market, the country's position in the automotive industry is increasingly important. Homegrown design elements look set to enhance brand competitiveness, while the on-the-ground knowledge garnered by Chinese studios is becoming invaluable feeding back into global companies. It's clear therefore that Nissan Design China (NDC) will play an increasingly important role in Nissan's global design network.

Rains Wash Out Pacific Coast Highway

California's scenic Highway 1 is closed down for at least a month after a landslide washed out a 40-foot section of the famous road just north of Big Sur. The closure is in effect from 12 miles north of Big Sur State Park at the Bixby Creek Bridge to 10 miles miles south of the Carmel River Bridge "due to a slip-out," according to the California Dept. of Transportation.