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U.S. says 90 percent of clunker claims have been approved

The U.S. Transportation Department says it has paid or approved $2.6 billion in cash-for-clunkers transactions, or 90 percent of the $2.9 billion submitted, as accelerated payments to dealers continue. A total of 534,598 claims for $2.3 billion were paid as of Sept.

GM turns to its old product meister for a new marketing message

It has taken years of effort--and a swift trip through U.S. Bankruptcy Court--but General Motors is finally close to its goal. It has shed billions of dollars in legacy costs, fixed quality and improved design.

Ferrari joins the Queen’s Diamond Jubilee Pageant

Ferrari joins the Queen's Diamond Jubilee Pageant Ferrari joins the Diamond Jubilee Pageant at Windsor castle and are bringing the 4th Mounted Carabinieri Regiment with them. With all things Diamond Jubilee filling the social scene (at least this side of London 2012) for the summer, even car makers are getting in on the act. We’ve already had Bentley deliver a Diamond jubilee Mulsanne as their version of a commemorative tea towel, and now Ferrari is chucking its hat in the Diamond Jubilee ring.