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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.

Lamborghini Veneno Roadster gets its public debut on an Aircraft Carrier in Abu Dhabi

The Lamborghini Veneno Roadster (pictured) debuts in Abu Dhabi Depending on your point of view, the Lamborghini Veneno Roadster is either the summit of Lamborghini’s extreme cars or a cynical exercise to milk cash from those with more money than sense. An open-topped version of the equally cynical Lamborghini Veneno Coupe, Lamborghini say the Roadster has the aerodynamic efficiency of a racing prototype thanks to its perfect airflow and downforce and its stiff and light CFRP monocoque and body panels. But at £3.35 million, the Veneno Roadster costs ten times the equivalent – and just as quick – Aventador Roadster, so you’re paying a huge premium for one of the nine Veneno Roadsters Lamborghini are planning to build in 2014.

Diesel hybrid cars avoid BIK penalty. Peugeot, Citroen & Volvo rejoice.

Peugeot 3008 HYbrid4 is the first car to benefit from BIK rates on diesel hybrids As a company car driver the Inland Revenue gets its cut no matter what. With BIK rates set based on CO2 emissions and list price, it’s hard to find a way to beat the system. Even opting for a diesel car doesn’t help because, despite much better economy on the whole from diesels than petrol engined cars, HMRC adds an extra 3% to your BIK rate because diesels emit more of the stuff that matters – particulates and NOx – than a petrol-engined car.