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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.

A Pagani Zonda R For Sale – Track not included!

A Pagani Zonda R is up for grabs As we reported recently, Pagani has finally got round to officially launching the Pagani Zonda R, the ultimate performance Zonda (not that there’s anything wrong with the performance on the Zonda S or Zonda F or Zonda Cinque or…), which is a pure, track-only version of Pagani’s stunning supercar. As you would expect, there are only going to be a handful of Zonda Rs made and frankly, unless you have your own track (or own your own country), you’re not going to be able to use it to blat down to the pub on a Sunday lunchtime. But that small detail won’t stop the well-heeled petrol-head from digging deep to buy one.

BMW M8 (2016) supercar

BMW’s plans to unleash a new mid-engined supercar are firming up. Previously known as M1, the 600bhp supercar is now called M8 internally, and is being lined up as the flagship car to mark BMW’s 100th birthday in 2016. M division boss Friedrich Nitschke has proposed that the M8 shares the exotic carbonfibre and aluminium underpinnings of the i8 plug-in hybrid due in 2014.