Tax Break for New Auto Purchase The Internal Revenue Service announced recently that taxpayers who buy a new passenger vehicle during 2009 may be entitled to deduct state and local sales and excise taxes paid on the purchase on their 2009 tax returns. If you have brought a new car, truck or SUV, this deduction could enable you to buy now and get cash back later on your 2009 tax return, an attractive... 

Prius Problem with Electronic Brakes in Hybrid Vehicles are reported by Toyota and Ford. The problem are due to a bug in the software controling the electronics brakes. Consumers worried that the cars won’t stop when needed. The actions came as U.S. safety regulators are widening their investigation of electronic systems in vehicles, focusing on Toyota and Ford Hybrid models. The National Highway... 

Lexus Toyota has a full-blown crisis on its hands. As has been widely reported, sticking gas pedals and potentially dangerous floor mats caused Toyota to recall 5.3 million vehicles since last fall, including some of its most popular models. The floor-mat problem led the company to call back models from its high-end Lexus brand, hitherto renowned for quality and reliability. These problems has been...