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.

The Acura NSX at 25

On Feb. 10, 1989, executives from Honda and a newly founded division known as Acura piled into a conference room in Chicago's historic Drake Hotel to rehearse the unveiling of an unbelievable new car -- a Technicolor vision for the future, something never before built by Honda or any Japanese automaker. As the public relations department went over its lines, Tadashi Kume, then-president of Honda and an instrumental figure in Honda's Formula One efforts, presided.

GM, Koenigsegg sign deal on Saab sale

General Motors Co. reached a deal Tuesday to sell its money-losing Swedish subsidiary Saab to Koenigsegg Group AB. The companies signed a stock purchase agreement that would give the tiny Swedish supercar maker 100 percent of Saab's shares, GM Europe said in a statement.