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Chrysler offers to double cash-for-guzzlers incentive on most '09 models

The Chrysler Group is offering consumers $4,500 on most of its 2009 models, doubling the cash-for-guzzlers incentive offered by the federal government. "Double Ca$h for Your Old Car," offers up to $4,500 cash or 0 percent financing for 72 months on qualifying new vehicles, even if the consumer's trade-in doesn't qualify for the federal incentive. The program starts Thursday, July 23, and runs through August, Chrysler announced Wednesday.

General Motors' small Cadillac will take aim at the BMW 3-series

The new Cadillac model that General Motors announced today will be aimed at the smaller models produced by BMW, Mercedes-Benz and other luxury brands. The rear-drive Cadillac is expected to be called the ATS and to arrive in showrooms in 2012 or early 2013, according to industry sources. “We will have a car positioned below the CTS in our lineup to compete with the BMW 3 Series and Mercedes-Benz C class.,” said Nick Twork, a Cadillac spokesman, during a telephone interview.

Lotus won’t be at 2012 Paris Motor Show

Two years after Dany Bahar revealed Lotus plans to build a new range of Lotus supercars at the 2010 Paris Motor Show, Lotus will be a no-show at Paris 2012. Two years ago we were stunned by the grandiose plans for a range of Lotus supercars revealed by new CEO Dany Bahar at the Paris Motor Show. What a difference 24 months makes.