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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.

2014 Chevrolet Reaper bumps Silverado to 550 hp

It was only a matter of time before a Chevy Silverado decided to give the Ford Raptor a run for its money, in this case via noted tuner John Lingenfelter. The company announced its new Chevrolet Reaper project at the National Automotive Dealers Association last Friday. The 2014 Reaper is the result of a conversion kit that takes an average Silverado -- already a good truck -- and puts it on steroids, so to speak.

McLaren MP4-12C to cost £168,500

McLaren will charge £168,500 for the MP4-12C supercar in the UK. That's the new 2011 price, including the rise in VAT from 17.5% to 20% from 1 January. Today's news means that the MP4-12C will cost £1000 less than a Ferrari 458 Italia, its arch rival, at existing tax rates.