Porsche 914 Fiberglass Rear Bumper on 2040-parts.com

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.

GM fires engineers, executives after ignition switch recall probe

Update: New story containing new information, additional details of terminations added. General Motors has dismissed 15 employees, including at least eight executives, after an internal investigation found “a pattern of incompetence and neglect” that led to 11 years of delays in recalling millions of cars for a fatal defect, CEO Mary Barra said today. Barra promised that the company would address future safety issues far differently, warning employees that failing to report risks would make them “part of the problem” and even inviting them to contact her directly if they couldn't get potential defects addressed themselves.

‘Crash avoidance’ systems rated for safety

The European car safety body Euro NCAP has confirmed it is currently testing a number of cars fitted with crash avoidance technology in an effort to judge the systems’ effectiveness. This news coincides with an announcement from the American Insurance Institute for Highway Safety (IIHS), which has published the first results of its own version of the scheme. Euro NCAP and IIHS are cooperating to establish a standardised test formula.