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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.

2015 Prius said to have even better fuel economy

The next Toyota Prius will get “significantly better fuel economy in a more compact package that is lighter weight and lower cost,” according to Satoshi Ogiso, the Prius program's chief engineer. Ogiso, who is also Toyota Motor Corp.'s managing officer, said the next-gen Prius' performance will reflect “significant advances” in battery, electric-motor and gas-engine technologies. He said Toyota is looking at improving miles per gallon to 55, compared with today's 50 mpg and that the next-generation Prius electric motors will be smaller and more powerful; in addition, its gasoline engine will be among the world's most efficient.

2012 BMW M5 to get 4WD? +M5 Concept Video

Will the 2012 M5 get four wheel drive? Now there’s something to cogitate on for BMW M5 fruitcakes. Autocar are reading a comment by BMW’s head of R&D, Albert Biermann, that “…there will be some all-wheel-drive surprises on M cars in the future.” as evidence that BMW are going to do the almost unthinkable and offer 4WD as an option on the 2012 BMW M5.