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Doh! Dealers learn Cash for Clunkers rebates count as taxable income

As you're aware by now, yesterday's big news was H.R. 3435, the emergency legislation passed by the House of Representatives authorizing an additional $2B for the CARS scrappage scheme. As had been widely reported on Thursday, the clunkers program appeared to have run out of money a lot sooner than anyone had expected, sending legislators in favor of it into a panic. After a period of impassioned floor debate (the Michigan delegation appeared on the verge of a collective nervous breakdown, treating the possible suspension of C4C as the ... Read more →

REPORT: S197 Ford Mustang could have had independent rear suspension for $100 per car Drew Phillips

All VW and Mercedes diesels eligible for tax credit Michael Harley

Toyota hybrids hit the magic number Erin Mays

As far as the Internal Revenue Service is concerned, Toyota Motor Company has hit the magic number. The company is expected to announce the sale of its 60,000th hybrid vehicle, coincidentally the ...

PSA: Still time for the U.S. hybrid tax credit Erin Mays

Looking for an easy tax credit? Look no further than the U.S. tax credits for hybrid vehicles. While the program's days are numbered, our friends over at Treehugger tell us that the program isn't ...

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Doh! Dealers learn Cash for Clunkers rebates count as taxable income 4 months ago on Autoblog

REPORT: S197 Ford Mustang could have had independent rear suspension for $100 per car 5 months ago on Autoblog

It seems that any discussion about a modern Ford Mustang inevitably turns into a debate about its solid rear axle. While Ford has done an incredible job of optimizing the pony car's suspension, many still find it unacceptable that such an antiquated technology is used on a modern day performance ...

All VW and Mercedes diesels eligible for tax credit 1 year ago on Autoblog

We knew last month that the Jetta TDI was qualified for the tax credit. Now, word is out that all of the new-generation clean diesels for Volkswagen (TDI) and Mercedes-Benz (Bluetec) will be joining the elite handful of vehicles that qualify for a federal alternative-powertrain tax credit. Formerly ...

Toyota hybrids hit the magic number 3 years ago on Autoblog

As far as the Internal Revenue Service is concerned, Toyota Motor Company has hit the magic number. The company is expected to announce the sale of its 60,000th hybrid vehicle, coincidentally the same number at which tax incentives to buy such vehicles is reduced or disappears. Those tax benefits, ...

PSA: Still time for the U.S. hybrid tax credit 3 years ago on Autoblog

Looking for an easy tax credit? Look no further than the U.S. tax credits for hybrid vehicles. While the program's days are numbered, our friends over at Treehugger tell us that the program isn't extinct yet. 60,000 vehicles is the magic number of hybrid each manufacturer can sell ...

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Autoblog Podcast #155: 'Twas the night before LA...

Chris, Dan, and Editor Paukert go over some LA Preview action and quietly whoop it up on the podcast.

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