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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.

McLaren MSO 650S going in to production – debuts at Goodwood & costs from £252,500

The McLaren MSO 650S Concept (pictured) becomes a production model In April, we revealed the McLaren MSO 650S Coupe Concept, and such has been the reaction from McLaren buyers that McLaren has decided to put it in to production, with a total of 50 cars being built in both Coupe and Spider guise and debuting this week at the Goodwood Festival of Speed. The production MSO 650S carries over many of the elements of the Concept, but McLaren’s Design Director, Frank Stephenson, has had input to make more changes including a number of carbon fibre styling upgrades with a satin finish, a three-piece rear bumper with carbon fibre centre section and a more aggressive rear diffuser. The MSO Concept came in Agrigan Black, but the production version will be available in ‘Papaya Spark (a take on McLaren orange), Sarigan Quartz ( new metallic silver with gold infusion) and the Agrigan Black of the concept.

2013 Chevrolet Malibu Eco gets $25,995 sticker

The 2013 Chevrolet Malibu Eco sedan will start at just $25,995, including destination, General Motors said on Tuesday. The redesigned Malibu Eco, which we drove in September, will be the first Chevy car to feature GM's new eAssist battery-electric/gas propulsion system. The Buick LaCrosse hybrid also will have the same system.