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Cash-for-clunkers clears 180,000 in sales, is poised for an extension

The cash-for-clunkers program has reached sales of more than 180,000--topped by the Toyota Corolla--as the Senate is poised to vote on an extension of the program on as soon as Thursday. The Ford Focus is the second-best-selling car under the program, and the Honda Civic, the Toyota Prius and the Camry complete the top five, according to Reuters. The top trade-ins were all domestics, including trucks from Ford and Dodge, as well as Jeep.

Hyundai Veloster Turbo Confirmed

Hyundai Veloster to get new 204bhp Turbo When Hyundai revealed details of the Veloster Coupe – the successor to the successful Hyundai Coupe – we found lots we liked and, really, just on thing we didn’t – its paucity of power. All the new Veloster had to offer was the 138bhp 1.6 litre GDI petrol which, although quite frugal, didn’t exactly light a fire of desire for the Veloster in the way we would have liked. So when we reported a couple of weeks ago that Hyundai had revealed a couple of new engines in Korea – a 204bhp turbo and a 150bhp diesel – we rather hoped that Hyundai would see fit to bolt both in to the Veloster sooner rather than later.

Volkswagen says Italdesign purchase will boost its growth strategy

Volkswagen AG will acquire a 90 percent stake in Italdesign Giugiaro S.p.A., VW said Tuesday. The Giugiaro family will retain 10 percent in the 42-year-old automotive styling company that is famous for designing cars such as the first-generation Volkswagen Golf. VW CEO Martin Winterkorn said Italdesign will make an important contribution to the automaker's 2018 global growth strategy.