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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.

Porsche 911 Turbo S (2010) first photos

Porsche will show off the new supersized, beefcake 911 Turbo S at the  2010 Geneva motor show. It’s the 911 Turbo aimed at that greedy niche who think the standard car isn’t fast enough. Which presumably consists of one Herr Rohrl.

Chrysler 200C EV unveiled at Detroit auto show 2009

By James Foxall Motor Shows 12 January 2009 13:07 With the years of elaborate stage sets and money-burning stunts such as driving cars through plate glass windows consigned firmly to the history books, Chrysler’s 2009 Detroit Motor Show stand was a sober place to be. While Ford and General Motors executives chose largely to ignore the financial crisis and government bail outs by pretending they hadn’t happened, Chrysler president Jim Press started his presentation by cracking jokes about it. He then outlined how the company – in an aggressive restructuring programme before the credit crisis – was responding.