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Democrats cut deal on cash-for-guzzlers measure

Democratic lawmakers have proposed a cash-for-guzzlers bill that would provide vouchers of up to $4,500 to people who trade in cars and trucks for new, more fuel-efficient vehicles, Rep. John Dingell said. The measure, if approved by Congress and signed by President Barack Obama, would lead to about 1 million new-vehicle purchases, the Michigan Democrat said in a statement.

CAR Most Wanted of 2014: Ferrari 458 Speciale

By the CAR road-test team First Official Pictures 23 December 2013 10:50 The first time we checked out the Ferrari 458 Speciale, it was parked tantalisingly in the bowels of the Ferrari’s Maranello factory. Tech boss Roberto Fedeli told us how Ferrari had calculated the Speciale would be an even higher performer: 10% lighter, 11% faster response, 40% quicker through the gearbox, and squeezing out an extra 34bhp from its 4.5-litre V8. Since then, we’ve driven the 202mph 458 Speciale, which Ferrari claims is different (not better than) a 458 Italia, and designed to appeal to a different kind of customer.

Saab is sold again: two Chinese makers buy Saab

Chinese car makers Pang Da and Youngman today agreed to buy Saab in its entirety from Swedish Automobile. It's the latest extraordinary twist in the saga of Saab, which has been technically bankrupt since September 2011 and built just 11,000 cars this year. The deal, which will see the Chinese car makers pay €100 million for Saab, has not yet however been signed and sealed.