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Congress scales back tax break for car buyers
Thu, 12 Feb 2009A proposed tax break for new-vehicle buyers is dramatically scaled back in the final version of the economic stimulus bill. Auto dealers and their allies had sought to make interest on auto loans and the sales and excise taxes on new-vehicle purchases deductible from federal taxes. Proponents say those measures are needed to boost showroom traffic and sales.
2014 BMW M5 facelift leaked – by BMW’s own website
Tue, 14 May 2013Fortunately, the BMW news specialists at BimmerPost were on the ball and managed to get some screen-grab photos of the new M5 before BMW realised their mistake, so we get to see what BMW has planned for the M5, and probably a guide to what the facelift for the rest of the 5-Series range will offer. The changes aren’t huge, and as far as we can see all that’s going on is a bit of influence from the M6 and 6-Series in general, with a new kidney grill that looks like the 6 Series, and a steering wheel looks like that on the new M6 too, together with the latest iDrive controller. The leaked images don’t tell us what BMW are planning under the bonnet of the facelifted M5, but it’s not too much of a stretch to expect a Competition Package for the M5 to give it similar clout to the new Mercedes E63 AMG S.
GM lobbyist Ferguson named global head of Cadillac
Tue, 09 Oct 2012General Motors has appointed its chief lobbyist to the newly created post of global Cadillac chief, a step aimed at transforming the American luxury brand into a strong worldwide player. Robert Ferguson, 53, who has been GM's vice president of global public policy, becomes vice president of global Cadillac. He reports directly to GM CEO Dan Akerson, the company said today.