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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.

Aston Martin to use Mercedes AMG V8 engines (2013)

It’s a new era for Aston Martin: the Gaydon brand has announced today (25 July 2013) that it’s in the early stages of a deal with Mercedes’ in-house tuners AMG, which will allow it to use Mercedes-honed engine and electronics technology. Has Aston Martin sold its soul to the Germans? Not quite – Daimler AG is set to take only a 5% share stake in Aston Martin, sitting alongside majority shareholders Investment Dar and Investindustrial.

Spyker confirms Peking to Paris will be a V8

Spyker confirms that the Peking Paris luxury 4x4 will be a V8 not a V12 [ad#ad-1] We brought you an exclusive the other day that Spyker will drop the planned V12 version of its uber-4×4 – The Spyker Peking-Paris D12 – in favour of a supercharged V8 – The Spyker Peking-Paris D8. But it’s always nice to have confirmation from the horses mouth and today, with a financial statement from Spyker, comes a tacit admission (or actual proof, as we like to think of it!) that our story was indeed correct. Spyker talk about the Peking-Paris in their statement, but only ever refer to it as the D8, dropping all references to the D12, which is probably as much as they’re willing to reveal until the car turns up at Frankfurt in September.