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Smart's $99 loan deal has big balloon payment at end

Hoping to benefit from the federal cash-for-guzzlers program, Smart USA has set up a $99 monthly payment for buyers who use their $4,500 rebate. But there's a catch--and a hefty balloon payment disclosed only as a note to an asterisk in Smart's press information announcing the offer. The Smart financing is for $99 a month for 36 months, with a balloon payment of $6,667 due at the end.

Tomorrow’s world: future petrol engine tech news

By Tim Pollard Motor Industry 28 September 2009 14:15 Petrol engines are changing dramatically. You’ll have heard of the phrase 'downsizing' and most major manufacturers are shrinking their regular gasoline engines to trim emissions and fuel consumption – while employing new tech to keep up the horsepower and torque outputs. This is the holy grail for engineers: maintain the power and performance of the existing big capacity engines we’ve become wedded to, but in a smaller, more economical package.

Noble plans to bring the Fenix supercar to the United States with Chevrolet power

A new 200-mph, Chevrolet-powered supercar from Briton Lee Noble is headed to the United States, possibly in 2011 or 2012. Powered by either a 638-hp supercharged LS9 V8 or a 480-hp LS3 V8, Noble's new Fenix supercar will aim for Ferrari 458 Italia performance at about half the price, a performance-price offer that served Nobel well at his previous company, Noble Automotive. "The Chevy engines have partly been chosen because they have global homologation and sales in the U.S.