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Fiat plans 500 and 500c Gucci editions

Gucci editions of the 2012 Fiat 500 and 500 convertible will go on sale in December, Fiat said Tuesday. The cars will feature glossy pearl paint, green and red stripes on the body or roof, and satin-chrome mirrors and door handles. The interior will have special embroidery, two-tone seats, leather accents along with other design touches.

McLaren Automotive Company created as an independent

The McLaren P11 will be the first of McLaren Automotive's new cars in 2011 The whole road car business at McLaren is to be made an independent company – McLaren Automotive – and is aiming to produce 1,000 cars a year by 2011 and 4,000 a year by 2015. McLaren plans that the cars they produce will be more exclusive, and more expensive, than the competition from Italy. The ball will start rolling with the McLaren P11, a car aimed squarely at the F430/Gallardo market.

Clunkers claims hit $1.15 billion Monday, government says

Dealer claims for cash-for-clunkers rebates continued to climb late last week after it became clear that the program would get $2 billion in new funding. Dealers had submitted 273,077 applications totaling $1.15 billion as of Monday morning, the Department of Transportation said today. That's about $120 million above the figure of last Friday morning.