Mercury 93 Grand Marquis Misc. Relay F1db14a672aa 1993 on 2040-parts.com

Clunkers records $2.88 billion in rebates

Dealers submitted a total of 690,114 cash-for-clunkers deals for $2.88 billion in rebates by last night's 8 p.m. deadline, coming in under the $3 billion budget for the popular program, the U.S. Transportation Department said today.

Official: Aston Martin gets its hands on Mercedes AMG engines & Electronic Architecture

Aston Martin & AMG confirm they’re getting in bed together Back in December we reported that Aston Martin had new investment from Investindustrial and wondered if that would mean – thanks to an existing relationship between Investindustrial and AMG – if we’d see Aston Martin finally getting access to AMG’s engines and platforms. By May, things had moved on and it was clear that Aston Martin and AMG were in talks for Aston Martin to get access to their engines for the next generation of AML’s cars. Now those talks have borne fruit and AMG and AML have signed a letter of intent for Aston Martin to “access significant Mercedes-AMG GmbH and Mercedes-Benz Cars’ resources, allowing the development of bespoke V8 powertrains and the use of certain components of electric/electronic (e/e) architecture.” Interestingly, there’s no talk of V12 engines – which could mean Aston Martin are going to move from the current Ford V12 for the DB9 and Vanquish to a powerful V8 from AMG – and nor is there talk of sharing platforms.

Saab deal no longer valid says Pangda Chairman. The end of Saab?

Saab deal with China not valid says Pangda Chairman Update 10 am 12/10/11: Saab & Pangda have issued a statement about this story and say that the reports of the Saab deal with Pangda and Youngman as being no longer valid are “…based on a misunderstanding”. Whatever that means. Yesterday there was yet more speculation that Saab will be declared bankrupt as real doubt about the deal with Chinese companies Pangda and Youngman started to surface.