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House narrowly passes scaled-back 'cash-for-clunkers' bill

The U.S. House on Tuesday narrowly passed a scaled-back version of a bill that would give consumers cash vouchers of between $3,500 and $4,500 if they trade in their cars for newer, more fuel-efficient vehicles. The $1 billion cash-for-guzzlers proposal, modeled after successful programs in Germany and other European countries, is part of a $106 billion supplemental spending measure designed mostly to fund the wars in Iraq and Afghanistan.

Bill Gates, venture capitalist invest $23.5 million in EcoMotors

EcoMotors International has received $23.5 million from Microsoft Corp. Chairman Bill Gates and investor Vinod Khosla for engineering and testing of its trademarked Opoc engine technology. EcoMotors said in a statement Monday that the investment marks a key advance in commercializing its opposed piston-opposed cylinder engine.

Mercedes E Class gets AMG Pack

Mercedes quietly unveiled the 2009 Mercedes Benz E Class at Detroit. Quietly, because it wasn’t actually planned, but due to details leaking out ahead of the show, it seems Mercedes decided they may as well get the reveal over. Bigger than the last generation E Class, the new E Class gets a complete styling overhaul, with a new style in keeping with Mercedes more recent ‘Family’ looks.