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Cash-for-clunkers deal to end Monday night, government says

The Obama administration plans to cut off dealer funding for the cash-for-clunkers program on Monday at 8 p.m. Eastern, after finding that the $3 billion fund is nearing depletion, Transportation Secretary Ray LaHood said. "The overriding objective was to be conservative and to provide an adequate window for a soft landing," a senior administration official said in a conference call with reporters Thursday.

LENNON'S FIRST CAR UNDER THE HAMMER

THE FIRST car bought by John Lennon after he passed his driving test is being offered for sale at auction next month. The Ferrari 330 GT 2+2 Coupe was bought by the Beatle in 1965 and is expected to sell for between 120,000 euros (£99,987) and 170,000 euros (£141,000). Lennon's biographer, Philip Norman, described how car dealers descended on the singer's home when the news emerged that he had passed his test and offered him a "gleaming smorgasbord" of luxury cars.

Wraps come off revised Touareg

VOLKSWAGEN has announced prices and specifications for its revised Touareg, ahead of the SUV hitting the showrooms in November. Priced from £43,000, two versions of VW’s 3.0-litre V6 diesel engine will be offered, while the inclusion of an eight-speed auto gearbox has resulted in the entry level 204 horsepower variant emitting just 173g/km CO2 – 11g/km less than before. On the outside, the new Touareg features revised bumpers and grilles, new alloy wheel designs, new colours and bi-xenon headlights as standard.