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Senate passes cash-for-clunkers extension

The Senate added $2 billion to "cash for clunkers" on Thursday, ending a week of suspense about whether the popular new program would have to shut down for lack of funds. The bill, identical to the one that passed the House last week, now goes to President Barack Obama for his signature. The administration has pushed hard for the new funding.

Civic hybrid tests Honda's new strategy

Despite being the first to sell an electric-gasoline car in the United States and making hybrid technology a centerpiece of its fuel economy push, Honda Motor Co. has yet to have a hybrid hit. But the redesigned Civic Hybrid, launched April 20, is the first test of whether Honda's new strategy of tapping lithium ion batteries and, later, two-motor systems can break the streak.

Volkswagen to buy Italdesign-Giugiaro

Italdesign-Giugiaro S.p.A could soon become another group under the Volkswagen AG umbrella, according to Automotive News Europe. The industry publication cites two sources that claim the German company is set to buy a controlling stake in Italy's largest design and engineering firm, a deal which could be clinched as early as next week. Founded by Giorgetto Giugiaro and Aldo Mantovani in 1968, Italdesign-Giugiaro currently has 975 employees and 800 CAD workstations.