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Clunkers records $2.88 billion in rebates

Dealers submitted a total of 690,114 cash-for-clunkers deals for $2.88 billion in rebates by last night's 8 p.m. deadline, coming in under the $3 billion budget for the popular program, the U.S. Transportation Department said today.

F1 Budget Cap – No two-tier system says Ecclestone

Bernie Ecclestone says there will be no two-tier system in the F1 budget cap row [ad#ad-1] All eyes have gone off the stunning start to this year’s F1 circus with the news that Ferrari, Renault, Red Bull and several other teams have threatened to quit F1 next year in protest at the budget cap proposal and the two-tier system that appears to create. In a nutshell, the FIA – lead by Max Mosley – has imposed a £40 million cap on F1 team expenditure for next year (excluding driver costs, marketing costs and transport), but has said that teams who don’t adhere to the cap can still compete, but will be handicapped. Not surprisingly, the richer teams have objected and, on the face of it, it starts to look as if F1 as we know it is going to bite the dust.

2011 Renault Laguna Facelift gets priced

The 2011 Renault Laguna facelift gets priced We guess it’s easier to get your act together as a car maker to price a facelifted car than an all new car. That said, if any business builds a product without knowing its retail price they are in danger of coming unstuck. Still, we applaud Renault for managing to get UK prices for the 2011 Renault Laguna Facelift sorted in a month since the 2011 Laguna appeared at the Paris Motor Show, especially as it took VW eight months to let UK buyers know how much it wanted for the 2011 Sharan.