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Cash for clunkers plan revives trade fight

Import brand automakers and dealers warned on Thursday that a vehicle scrappage proposal before the Senate would violate trade agreements and could weaken the economy. The Senate could vote on the plan on Thursday, which would offer $10,000 to any moderate- or low-income consumer who trades in a car or truck that is at least 10 years old and buys a new one that is more fuel-efficient and "assembled in the United States." The trade-ins would be scrapped rather than resold. The U.S.-made mandate "smacks of the protectionism that led to the Great Depression," said Barbara Nocera, the top Washington lobbyist for Mazda North American Operations.

Vauxhall Insignia VXR (2009): first official photos

By Tim Pollard First Official Pictures 15 April 2009 00:01 Yesterday we brought you spy video footage of the new Vauxhall Insignia VXR. Today we have the first official photographs of Luton’s new cut-price M3 four-door. Vauxhall will have the sporting family car segment almost to itself – Ford no longer builds a Mondeo ST and most European rivals no longer bother with high-horspower saloons (excepting VW’s equally crazed Passat R36).

Is Ferrari for sale?

Reports out of Europe have Fiat considering selling a big chunk of Ferrari S.p.A. to raise cash so it can increase its stake in Chrysler Group to 51 percent. The Italian newspaper Il Corriere della Sera said it has gathered information at Fiat’s Turin headquarters and reported Fiat wants to raise cash to fund buying 51 percent of Chrysler, up from the 20 percent it owns now.