General Motors Corp. has announced plans to further reduce its workforce, plant operations and dealership network as the carmaker seeks to remain viable.
Tax Incentive for New Car Buyers
Looking to purchase a new Corvette? Well even if you’re not, the government REALLY wants you to! Even though the automotive industry is in the midst of extremely difficult times, there is still good news from the government for interested car buyers.
The Internal Revenue Service (IRS) recently announced that individuals who purchase new cars will be able to deduct state and local sales and excise taxes from their 2009 tax returns. Still interested? To qualify, the new vehicle must be purchased between the window frame of February 16, 2009 to January 1, 2010.
The IRS is hoping that this tax deduction incentive will aid the automotive industry during their recent down times, while still helping to offset consumer expenses. IRS Commissioner Doug Shulman quotes, “For those thinking about buying a new car this year, this deduction may give them a little more drive to make their purchase this year. This deduction enables taxpayers to buy now and get cash back later on their tax returns.”
Do you think the IRS is making the right move by instituting this deduction? Maybe this will do some good. But, is there really any hope for the automotive industry afterall?
To check if you qualify for this deduction, click the link below.
[ IRS ]
Bondurant Performance Driving School Featured on SuperCars Exposed
Bob Bondurant’s School of High Performance Driving recently hosted the crew of SPEED TV’s “SuperCars Exposed” and that episode is airing this evening at 9pm EST. The show will feature host Tanner Foust test driving the Evolution MotorSports EVT850 performance system for the Porsche 997 Turbo. Later in the episode, Faust will go head to head against Bondurant’s Chief Instructor Mike McGovern who’ll be driving one of the school’s 2008 Corvette Z06s. [More]
Mark Martin wins one for the old guys
Mark Martin is a machine! He may be old, but he’s still got mojo. Saturday night, Martin drove his Hendrick Chevy toa dramatic and popular win, his first in three years. Martin has already qualified on pole three times in 2009, but has had a string of bad luck to …
[VIDEO] Juechter: Corvette Grand Sport is the New Z51
On Day 2 of the National Corvette Museum’s C5/C6 Bash, members of the Corvette Team assembled outside on the NCM Logo Circle with two newly built 2010 Grand Sports. Unlike Day 1’s seminar, this walk-around focused more on the improvements with performance. As Corvette Chief Engineer Tadge Juechter discussed the new model, he consistently compared the components on the GS to the Z51, using descriptions like “better” and “faster”. But you Z51 aficionados don’t despair, Tadge tells of the new Z52 package that will have you searching for the emblems at your favorite parts dealer. [More]
[VIDEO] The 2010 Corvette’s Launch Control System Explained
During the 2010 Corvette seminar at the National Corvette Museum’s C5/C6 Bash, Corvette’s Chief Engineer Tadge Juechter goes into more detail about the new Launch Control option that will be standard on all manual transmission Corvettes. The system modulates engine torque 100 times per second to give the driver the optimal amount of traction on a full throttle start. The best news? Corvette’s Launch Control System will not void your warranty! [More]
[VIDEO] Introduction and Reveal of the 2010 Corvette Grand Sport
Team Corvette was on hand at the National Corvette Museum’s C5/C6 Bash to fully brief the Corvette faithful on the new 2010 Corvette. Here is the team introducing the new model in the Corvette lineup, the 2010 Corvette Grand Sport. [More]
Indy Car’s wild weekend at Long Beach
The Indy Car series made it’s first visit to the Toyota Grand Prix of Long Beach this weekend, and put on a great show in what turned out to be a wild weekend both on and off the track.
Dario Franchitti of Target/Chip Ganassi Racing posted a fantastic run on Sunday …
Top 10 Cars Americans Can’t Live Without
A troubled economy, and the federal bailout of General Motors Corp. and Chrysler LLC will result in Detroit automakers eliminating some slow-selling or unprofitable models.
Indy Car qualifying recap, race day picks
It is a gorgeous day in southern California, not only because the sun is shining, but because the Indy Car Series is about to light it up in Long Beach. Today caps off a weekend full of absolutely incredible news and drama.
On Saturday morning, Helio Castroneves returned to the Indy …