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General Motors boss Dan Akerson gets into the Woodward Dream Cruise act

General Motors chairman Dan Akerson personally led a parade down metro Detroit's famed boulevard for car aficionados, Woodward Avenue, on Thursday as part of festivities for Chevrolet's 100th anniversary and in advance of the Woodward Dream Cruise. Taking the wheel of a cherry-red 1960 Corvette, Akerson helmed the procession of Chevy icons, which included 51 Volts. The group was augmented by Camaros, more Vettes and other classics.

GM throttles back on performance cars for 2010

It should not be a surprise, as General Motors scrambles to cut costs and cars sit unsold on dealers' lots, that the automaker is cutting high-performance versions of several vehicles for the 2010 model year. According to information from online ordering guides made available to GM dealers, the 2009 model year is the last for the Chevrolet Impala SS, the Pontiac G6 GXP and the Cadillac STS-V. Also, the SS trim in the Chevy Cobalt lineup will be limited to the coupe body style.

U.S. will honor clunker rebates until Senate acts, DOT chief says

The Obama administration will fund the cash for clunkers program until the Senate decides whether to add $2 billion to the original $1 billion fund that is likely to be depleted this weekend, U.S. Transportation Secretary Ray LaHood said today. He said the administration would honor dealer rebate applications filed at least through Tuesday, Aug.