The Internal Revenue Service (IRS) announced an increase of 8 cents in the business related mileage rate deduction. The rate increase goes into effect July 1, 2008, and will increase from 50.8 to 58.8 cents per mile.
The IRS mileage rate increase is a welcome sign after a spike of more than 20% in gas prices this year.
When you use your automobile for business, the mileage incurred is legitimate business expense, the new rates will help offset the cost of higher gas prices. However, business owners may want to expensing their driving expenses instead of the IRS mileage reimbursement since they can usually write off more on their income tax.
The FCX Clarity hydrogen car is now available for lease from participating Honda dealers for Southern California residents who live in Santa Monica, Torrence or Irvine.
The FCX Clarity lease runs at$600 per month which includes maintenance and insurance costs. Honda is currently limiting the lease to residents who have access to fueling service areas.
The 270 mile range car runs off a hydrogen fuel cell and is refillable at designated filling stations provided by Honda. Honda has also partnered with Plug Power Inc. to develop a Home Energy Station which is small enough to fit in the home owners garage.
A123Systems announce six initial certified partnerships that are authorized to install and convert the hybrid Toyota Prius to an plug-in hybrid electric vehicle (PHEV). The conversion is expected to increase the gas mileage of the Prius to over 100 MPG for the first 30 - 40 mile commute.
The L5 module, designed for the the 2004 - 2008 Toyota Prius, provides approximately 5 kWh of power and takes only 4.5 hours to recharge. The A123Systems L5 module runs $9995 which includes installation and a 3 year warranty.
Toyota announced at the Detroit Auto Show that it plans to sell lithium-ion battery plug-in hybrid vehicles to fleet customers in the US by 2010.
The plug-in hybrid typically plugs into a normal 120V or 240V outlet outfitted in household’s garages and charges the battery for the next days commute.
Good news for New Jersey residents, IFA is lowering auto insurance rates! New Jersey drivers can expect on the average a 5% reduction in full coverage.
Improvements in overall vehicle safety, as well as more conscientious drivers have resulted in fewer losses for our company. IFA believes it is our obligation to pass those savings on to our Customers. By keeping rates low and by providing excellent service we have succeeded in building lasting relationships with our Customers,”
announced David Walsh, President of the IFA Insurance Company.
The India Tata Group unveiled the world’s lowest priced automobile starting at 100,000 rupees or about $2,500 USD.
Competing against Renault and Suzuki, the Tata Group expects their lower-priced auto to make deep penetration into the Indian market.
When inventor Marvin Weinberger decided he had enough of flimsy ice scrapers, he came up with a revolutionary idea which would “tenderize” the ice build up on windshields.
The IceDozer, tenderizes the ice before scraping it off and leaving a clean windshield.
December 27, 2007. The Hyundai Motor Company selected St. Petersburg for as a site for their first manufacturing plants in Russia.
Automobile Magazine announced today that the Audi R8 is the Car of the Year for 2008.
“The R8 absolutely captivated the automotive world this past year,” said Jean Jennings, President and Editor-in-Chief of AUTOMOBILE MAGAZINE. “It propels Audi into a whole new league of driving dynamics, and it emphatically caps Audi’s steep ascent from the somnambulant lull in which it languished in the early 1990s. The R8 is a thrilling new sports car from a company that’s stronger than it’s ever been.”
The R8’s incredible ride and styling provides car enthusiasts a lasting feeling of enjoyment that will last for many years to come. With a top speed of 187 mph, the Audi R8 will launch you from 0 - 60 in 4.4 seconds. With a base price of $109,000 USD, it’s well worth the investment
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For our Oakland, CA readers, you can trade in your older Segway with the purchase of a newer model at Segway of Oakland. According to Steve Steinberg, the trade-in program works well for commuters who put in a lot of miles onto their Segways.