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Owners of NASCAR racetracks get $70 million tax breaks in fiscal cliff deal


American taxpayers aren't the only ones to rejoice at the news that U.S. lawmakers finally agreed to avoid the fiscal cliff. An unlikely beneficiary of the new legislation is NASCAR and its track owners, according to a report from Auto Week. Under the new deal, some of NASCAR's track owners will receive a $70 million break. International Speedway Corporation, a company ...
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More fiscal cliff articles

2012 U.S. auto sales expected to be strongest in five years
U.S. auto sales are expected to rise 9 percent in December, making 2012 the best year for the industry since 2007. New car sales were favoured by easier access to credit, ...
The Fiscal Cliff a Real Danger to the Future of Car Sales
Although the auto industry in the US will end 2012 on a strong note analysts predict 2013 will have a rocky start due to the failure to fix the ‘fiscal ...
J.D. Power forecasts U.S. auto sales will rise 14 percent in December
New car sales in the U.S. are expected to increase by up to 14 percent in December, according to forecasts from J.D. Power and Associates and LMC Automotive. According to the ...
Obama to Visit Detroit Diesel, Daimler to Announce Investment
Today, December 10th, when President Obama will visit a Daimler plant in Redford Township, the automaker will announce its investment of $100 million at the facility. The money will be used ...

latest automotive news
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