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NADA asks U.S. to suspend clunkers program

National Automobile Dealers Association officials asked the government to suspend the cash-for-clunkers program because a survey by the group found that the $3 billion fund has been exhausted, NADA Chairman John McEleney said. "We asked them to put a halt to the program--I think we said 'very soon'--but a suspension at midnight tonight would make sense," McEleney said in an interview Wednesday. "Our survey opened the eyes of the Transportation Department." A suspension would allow dealers to submit all pending claims and permit the government to process them so that a precise determination could be made of how much money, if any, is left in the program, he said.

Aston Martin V12 Zagato racer (2011) news

Aston Martin has released this rendering of its new V12 Zagato racer, which will compete at the Nurburgring this summer. The 2011 Aston Martin V12 Zagato made its world debut at the Villa D'Este concours d'elegance at the weekend, where it won the Concorso d’Eleganza Design Award for Concept Cars and Prototypes. Design director Marek Reichman said: 'It is an honour to win this award in Italy, where many great designs originated from, and this victory shows that Aston Martin has successfully developed their own renowned design language over the past years.

Millions lie to cut car insurance costs

New research suggests that up to 2.4 million British motorists may be at risk of invalidating their car insurance because they’re not being accurate about the information they provide. Mystery shopping and market research specialist Consumer Intelligence carried out the study, which reveals that one in 12 of us essentially admits to lying to our car insurance companies in an effort to try and save money. Common car insurance myths busted The £1.2m insurance quote: driver quoted £104K a month for old Vauxhall Corsa Although one in five said they made a mistake or did not know the reason, 60% of those queried about their misleading actions said they did so in a blatant attempt to get a lower premium.