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Cash-for-clunkers deal to end Monday night, government says

The Obama administration plans to cut off dealer funding for the cash-for-clunkers program on Monday at 8 p.m. Eastern, after finding that the $3 billion fund is nearing depletion, Transportation Secretary Ray LaHood said. "The overriding objective was to be conservative and to provide an adequate window for a soft landing," a senior administration official said in a conference call with reporters Thursday.

Mercedes S-Class Convertible confirmed

The Mercedes S-Class Convertible will be based on the S-Class Coupe (pictured) The new Mercedes S-Class has already arrived, and we’ve also got the new S-Class Coupe (in concept form, at least) with the next variant of the new S-Class now looking likely to be the Mercedes S-Class Convertible. We’ve known since 2011 that Mercedes were planning to chop the top off the S-Class for the first time since the W111 S-Class in the 1960s, but this is the first time anyone from Mercedes has officially confirmed it. Thomas Weber, Mercedes’ product development boss, has told Automotive News that the S-Class Convertible is on the way and will be based on the new S-Class Coupe.

GM fires engineers, executives after ignition switch recall probe

Update: New story containing new information, additional details of terminations added. General Motors has dismissed 15 employees, including at least eight executives, after an internal investigation found “a pattern of incompetence and neglect” that led to 11 years of delays in recalling millions of cars for a fatal defect, CEO Mary Barra said today. Barra promised that the company would address future safety issues far differently, warning employees that failing to report risks would make them “part of the problem” and even inviting them to contact her directly if they couldn't get potential defects addressed themselves.