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Mercedes-Benz C63 AMG coupe revealed

Mercedes-Benz has followed up the debut of the C-class coupe at the Geneva motor show with the unveiling of this new range-topping version, the C63 AMG coupe. Set to land in North American showrooms in September following a planned debut at next month's New York auto show, the new BMW M3-challenger receives the same updated mechanical package as the recently facelifted C63 AMG sedan. It will be sold from the outset as a 2012-model-year car.

Fiat set to grab 51 per cent of Chrysler

Sergio Marchionne wants majority at Chrysler What a difference a couple of years makes. On May Day in 2009 we reported that Chrysler had been put in to Chapter 11 Bankruptcy and the US Government was stepping in to ease the pain with $7.5 billion (admittedly at somewhat less than mates-rates) and that the management were ‘leaving the building’. Step forward Fiat to take up a 20% stake in Chrysler and Fiat boss, Sergio Marchionne, who planned to lead Chrysler away from the dark side and in to the light, with the promise of smaller and more efficient platforms and engines.

Senate approves tax break for auto loan interest

The U.S. Senate voted on Monday to make loan interest and sales taxes on vehicle purchases deductible from federal income taxes. The proposal, championed by the National Automobile Dealers Association, was added to an economic stimulus bill under debate in the Senate.