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Chrysler Financial gets $1.5 billion federal loan

The U.S. Treasury Department said today it will lend $1.5 billion to a new arm of Chrysler Financial Services LLC so that it can increase lending to vehicle buyers. The five-year loan carries a flexible interest rate.

7th Le Mans Classic starts today

By James Fallon Motor Shows 04 July 2014 13:43 The increasingly popular biennial vintage car event, Le Mans Classic is upon us, with the action taking place between the 4th and 6th of July at the illustrious circuit in France.  The event is an opportunity for motorsport enthusiasts to see some of history’s greatest racing cars and also some great drivers.  Sébastien Loeb, Emanuele Pirro, Andy Wallace and Jean Ragnotti are amongst some of the names in attendance.  There are four-hundred and fifty entrants, carefully chosen by Peter Auto to give variety and represent certain historical periods in racing. Battles between old rivals – many of which are steeped in racing pedigree, will be replayed on track in this awesome spectacle. There are six different grids which divide the 650 entrants with each grid representing a particular period in racing.

BMW Concept X1 (2008): teaser video

By Ben Pulman First Official Pictures 29 September 2008 11:04 BMW will unveil its Concept X1 at the Paris motor show, a tarted-up version of the production car that will debut in mid-2009. But ahead of the official debut BMW has released this teaser video. Of course it's a PR stunt, with glimpses of the Concept X1 mixed in with shots of skateboarders and grafftti artists, but it gives us our first look at the new X1 on the move.