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Chrysler ‘Thomas Special' steals the show at RM Meadow Brook auction

Posting more than $10 million in total sales, RM Auctions' Vintage Motor Cars of Meadow Brook event had an unexpected top seller on July 24. After crossing the auction block at $858,000, a 1953 Chrysler coupe known as the “Thomas Special” became the event's headliner. It was estimated to sell for $350,000 to $500,000.

U.S. will honor clunker rebates until Senate acts, DOT chief says

The Obama administration will fund the cash for clunkers program until the Senate decides whether to add $2 billion to the original $1 billion fund that is likely to be depleted this weekend, U.S. Transportation Secretary Ray LaHood said today. He said the administration would honor dealer rebate applications filed at least through Tuesday, Aug.

GM may revive performance brands

General Motors Co. is studying whether to revive brands for performance vehicles to improve its image among go-fast car shoppers. At the Specialty Equipment Market Association trade show in Las Vegas last week, GM unveiled the Z-Spec Chevrolet Cruze, Volt and Spark cars, and two SS-badged Chevrolet Camaros.