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Senate approves tax break for auto loan interest

The 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.

Porsche says 1952 356 Cabriolet is oldest one sold in the U.S.

A 1952 Porsche 356 cabriolet owned by Robert Wilson of Oklahoma City, Okla., has been named the winner of a contest to find the oldest Porsche sold in America. Porsche Cars North America ran the contest, which asked owners to submit documentation showing when their cars were first sold, as part of its celebration of 60 years of selling cars in the United States. Wilson's car, which he found in a salvage yard, was imported in November 1952 by Max Hoffman, who started bringing Porsches to the United States in 1950.

Autoweek in review: The Cayenne Turbo S gets more power, we drive the new Aston Martin Vanquish, and a Porsche 962 for the street

The 2013 Porsche Cayenne Turbo S will now have 542 horsepower. The Cayenne Turbo S will sprint from 0 to 62 mph in 4.2 seconds, with a top speed of 176 mph. Click here for more details.