Mitsubishi Canter 2003 Left Side Step [4313800] on 2040-parts.com

Congress scales back tax break for car buyers

A proposed tax break for new-vehicle buyers is dramatically scaled back in the final version of the economic stimulus bill. Auto dealers and their allies had sought to make interest on auto loans and the sales and excise taxes on new-vehicle purchases deductible from federal taxes. Proponents say those measures are needed to boost showroom traffic and sales.

1,088-hp electric Concept One nears production

We haven't heard much about the Rimac Concept One lately, but that could be about to change. The Croatian-born electric supercar is back in the news this week after its parent company landed an $11-million investment. The Concept One is the brainchild of 26-year-old CEO Mate Rimac, who claims he didn't want to build the best electric car in the world.

Malaysian Grand Prix: Hamilton quickest in Friday practice as McLaren & Mercedes dominate

McLaren quickest in practice for 2012 Malaysian Grand Prix Lewis Hamilton put the disappointment of Australia behind him to dominate Friday practice for the Malaysian Grand Prix. The opening F1 Grand Prix of the year in Australia last week saw McLaren take an impressive first and third with Jenson Button doing his best Alain Prost imitation to dominate proceedings, with team-mate Hamilton managing third after a poor start. But Hamilton’s grumpy face on the podium in Melbourne said it all – not a start to the new season McLaren’s ‘senior’ driver wanted.