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Senate approves tax break for auto loan interest

The U.S. Senate voted on Monday to make loan interest and sales taxes on vehicle purchases deductible from federal income taxes. The proposal, championed by the National Automobile Dealers Association, was added to an economic stimulus bill under debate in the Senate.

£1.7m Bugatti Veyron ‘Meo Constantini’ edition revealed

In a bid to eek a few more years out of its record-breaking Veyron hypercar, Bugatti has embarked on a series of Veyron ‘Legends’. This, the Veyron ‘Meo Constantini’ edition, is the third and latest instalment in the Legends line-up so far. Just three examples of the £1.7 million Bugatti will be made for those customers wanting an ultra-exclusive open top Veyron.

New GM Europe chief's plans for Opel/Vauxhall

Nick Reilly speaks out on the future of GM Europe By Richard Webber Motor Industry 07 December 2009 13:54 Following General Motors' back-track on a buy-out from Magna in November 2009, the company's president of international operations Nick Reilly was appointed interim head of GM Europe. Now he's been made the permanent CEO of Vauxhall and Opel, making him the man charged with guiding GM's European division back to profitability.GM has big plans for Opel and Vauxhall, but has made no secret that there will be widespread pain and change before the good times return. The turnaround plan is nearing completion and it's expected there will be around 8300 redundancies, spread around Europe.