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Cash for clunkers: Is it ready for prime time in America?

One proposed solution to prop up new-car sales in the United States involves paying bonuses to owners of older vehicles who send their cars to the scrapyard and buy new ones. Proponents say that not only does the auto industry benefit, but so does the environment, as emissions decrease and fuel economy typically improves in newer models. Critics, however, say that scrapping older vehicles hurts collectors by reducing the number of older models available and also hurts those least able to afford to buy newer vehicles by driving up the price of used cars.

Honda cancels V8 program, S2000 and CR-Z convertible, report says

Fun appears to be on the chopping block at Honda. Plans for the successor to the S2000 sports car, a lineup of rear-drive Acuras, a proposed V8 engine and a drop-top built off the CR-Z hybrid are all dead, according to a report in a British magazine. The reason: Honda is rethinking its product plans as it grapples with the global downturn in sales and economic conditions, Autocar is reporting.

At the Detroit Auto Show, Lincoln gets a C

Hoping to attract younger buyers, Ford's Lincoln division unveiled the Lincoln C concept at the Detroit Auto Show this week, a car Lincoln calls a big idea for a small luxury car. Ford's vision: a small, more fuel-efficient car for congested urban areas and compact parking spaces that still provides driver and passengers with luxury and comfort of larger sedans. "Modern luxury buyers who live and work in large, urban areas want to play their part in helping the environment by moving to a smaller vehicle, but they still want to enjoy the luxuries of life," said Peter Horbury, executive director of Design, The Americas.