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Congress scales back tax break for car buyers

A 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.

Toyota recalls Corolla, Lexus IS models

On Wednesday, Toyota said it is recalling 752,000 Corolla and Corolla Matrix vehicles from the 2003 and 2004 model years, and about 270,000 Lexus IS vehicles built between 2006 and 2012. The Corolla and Corolla Matrix may be susceptible to an electrical short that could cause the frontal airbag and front seatbelt pre-tensioners to inadvertently deploy, according to Toyota. The Lexus IS faces a problem with windshield wipers that are not sufficiently secured and may not operate properly when weighted down by heavy snow.

Aston Martin takes Vantage V8 N420 out on the 'Ring

WITH VIDEO -- Aston Martin, which has made a habit of running cars at the Nurburging 24-hour race for the past five years, has taken a special-edition Vantage V8 back to the track. The V8 Vantage N420 will make its U.S. debut in August at the Pebble Beach concours.