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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.

Ford Edge gets $200 price cut

Ford Motor Co. said Tuesday that the 2011 Edge crossover will start at $27,995 including shipping. That's about $200 less than the 2010 model, although Ford added more power to the 2011 base engine.

Volvo S60 DRIVe & V60 DRIVe launch

The Volvo V60 DRIVe This week we’re out playing with a Volvo DRIVe model, although our car is the S40 DRIVe. DRIVe models are Volvo’s push at all things green (or all things blue if you’re German) and take a regular Volvo and eco the bejesus out of it with stuff like stop-start, low rolling resistance tyres and the plethora of eco-toys car makers use to make the headline economy and emissions unbelievable. The result is a Volvo that drives pretty much the same as any Volvo but which can – as long as you play the eco-driving game – run almost on fresh air, and because cars like this are designed to hit emissions targets on official cycles, they’re also good on stuff like VED and BIK. And if the S40 DRIVe we’ve got this week is anything to go by, you can still drive with enthusiasm and enjoy it as long as you don’t mind the economy suffering.