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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.

Trademark filing suggests Infiniti plans ‘performance line'

Nissan North America Inc. has taken legal steps to create a performance segment for its Infiniti Division product line, similar to its larger luxury rivals Mercedes-Benz and BMW. Nissan has filed for trademark protection for the names “IPL” and “Infiniti Performance Line,” according to documents on file with the U.S.

Mercedes front row in China F1 Grand Prix – Rosberg on pole

Nico Rosberg is on pole position for the Shanghai Grand Prix Nico Rosberg is on pole position for Mercedes in the Chinese Grand Prix in Shanghai with team mate Michael Schumacher alongside. Not only has Nico Rosberg taken pole position at the Chinese Grand Prix in Shanghai, but he did it with one flying lap at the start of final qualifying to take his first F1 pole and Mercedes first since their return to F1 in 2010 after an absence of more than half a century. Rosberg beat second place man Hamilton by a full half second, but Hamilton has a five place penalty for a gearbox change so starts seventh.