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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.

Ferrari to show Enzo replacement to a select few by the end of the year

Ferrari will show the replacement for the Enzo supercar to a select group of current and potential customers at the end of 2012, Ferrari Chairman Luca Cordero di Montezemolo said. “We want to surprise people not just in terms of price but also with the car itself,” Montezemolo told Automotive News Europe on the sidelines of the Geneva motor show last week. Ferrari has not decided when the new limited-edition model will make its public debut.

Renault Megane Sport Tourer Extreme launched

Renault has introduced a new entry-level Megane Estate - the Renault Megane Sport Tourer Extreme It sounds as if a Renault Megane Sport Tourer Extreme should be a rival for a Renaultsport, but it’s not. It’s the new entry-level package on the Megane Sport Tourer. But there’s nothing wrong with that, even if the ‘Extreme’ designation is a bit of an oxymoron (unless you think of it in terms of at the bottom extreme of the range).