Genuine Volkswagen Strip 533-863-288-a on 2040-parts.com

NADA asks U.S. to suspend clunkers program

National Automobile Dealers Association officials asked the government to suspend the cash-for-clunkers program because a survey by the group found that the $3 billion fund has been exhausted, NADA Chairman John McEleney said. "We asked them to put a halt to the program--I think we said 'very soon'--but a suspension at midnight tonight would make sense," McEleney said in an interview Wednesday. "Our survey opened the eyes of the Transportation Department." A suspension would allow dealers to submit all pending claims and permit the government to process them so that a precise determination could be made of how much money, if any, is left in the program, he said.

Interior Motives Conference 2012 Day 1

The annual Interior Motives China conference - this year held in Beijing to coincide with the motor show - was opened by the official Yang Shi Min. He welcomed the many delegates by acknowledging that discussion and debate will be the key element in the future of automotive design. He stated his belief that "discussion gives the opportunity for wisdom to sparkle", and opened the proceedings by encouraging all to share their wisdom with each other.

Volkswagen buys stake in Suzuki

Volkswagen will buy nearly 20 percent of Suzuki for $2.5 billion in a deal poised to continue VW's ambitious growth plans and bolster its global product offerings. The companies announced the agreement on Wednesday, and it could close in January. The deal allows VW to draw on Suzuki's small-car capabilities and strong position in India.