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Alfa faces product freeze under a review of the struggling brand

Fiat S.p.A. could freeze new investment in Alfa Romeo under a strategic review of the money-losing brand ordered by CEO Sergio Marchionne. A product freeze is one of two alternatives that Fiat is considering to end years of losses and declining sales at its sporty premium brand.

Mitsubishi Lancer EVO X FQ330 SST launched

Mitsubishi has launched the Mitsubishi Lancer EVO X FQ330 SST [ad#ad-1] Mitsubishi has decided that there is a hole to fill in its Evo X range, so it has introduced the Mitsubishi Lancer EVO X FQ330 SST, to fit in between the FQ300 and the FQ360. The Mitsubishi Lancer EVO X FQ330 SST offers an increase of 29bhp over the FQ330, and features Mitsubishi’s new six-speed Twin-Clutch Sports Shift Transmission, which translates in to a 0-60 mph time of 4.4 seconds. The additional power on the FQ330 comes from a re-mapping of the ECU and improvements to the intake and exhaust to make the Evo breathe more easily.

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.