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Cash for clunkers plan revives trade fight

Import brand automakers and dealers warned on Thursday that a vehicle scrappage proposal before the Senate would violate trade agreements and could weaken the economy. The Senate could vote on the plan on Thursday, which would offer $10,000 to any moderate- or low-income consumer who trades in a car or truck that is at least 10 years old and buys a new one that is more fuel-efficient and "assembled in the United States." The trade-ins would be scrapped rather than resold. The U.S.-made mandate "smacks of the protectionism that led to the Great Depression," said Barbara Nocera, the top Washington lobbyist for Mazda North American Operations.

Pontiac G8 may get a second life as the Chevrolet Caprice, Lutz says

The Pontiac G8 may get a new life as the Chevrolet Caprice. General Motors is studying the feasibility of reusing the rear-wheel-drive performance sedan for law enforcement and the general public, vice chairman Bob Lutz said in an online chat Monday. “The G8 has finally been discovered by a broader percentage of the buying public,” Lutz said on GM's FastLane blog.

1957 Ferrari 250 Testa Rossa Prototype set to break auction record

The 1957 Ferrari 250 Testa Rossa Prototype will be at Pebble Beach 2011 Yes, much of the world is labouring under an economic cloud, but that doesn’t stop the world’s wealthy car collectors bidding for very special cars such as this 1957 Ferrari 250 Testa Rossa Prototype. This particular 250 TR is something rather special – although they all are, of course – because it is one of the original prototypes for the Testa Rossa and is expected to beat the current world car auction record – around $30M for a 1936 Bugatti Type 57SC Atlantic – when it appears at Pebble Beach next month. Regular readers may remember that Max Girardo and team at R.M.