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2013 Formula Sun Grand Prix will race at Circuit of the Americas

With sunnier months just around the corner, Circuit of the Americas has revealed that it will provide the venue for the June 24-29 Formula Sun Grand Prix. The Formula Sun grand prix is a qualifying race for teams interested in racing their solar-powered cars in the American Solar Challenge. The Challenge allows competitors from around the world to operate a solar-powered-car race team.

GM improves, Toyota slips as industry sales decline eases

Ford, Honda and General Motors posted their smallest sales declines of the year in April, while Nissan and Toyota had their largest, as the industry improved from depressed levels of February and March. Drops of 33 percent at Ford Motor Co. and GM were in line with analysts' forecasts, as was American Honda's 25.3 percent slide.

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.