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Senate releases $350 billion more in bailout money
Fri, 16 Jan 2009The Senate voted Thursday to release a second round of $350 billion in federal aid to rescue financial institutions. The money could be the source of additional loans to automakers, auto finance companies and perhaps suppliers. An earlier allocation of $350 billion funded the first installments of emergency loans to General Motors and Chrysler LLC.
Chrysler, VW lead February sales gains
Thu, 01 Mar 2012U.S. auto sales led by Chrysler Group surged 16 percent in February, giving the industry its strongest showing in four years in a fresh sign that the recovery is gaining more traction. Total light vehicle sales rose to 1.15 million units as the seasonally adjusted sales annual rate hit 15.1 million.
New Porsche Cayenne Turbo S (2013) arrives
Fri, 12 Oct 2012Porsche has revealed the 2013 Cayenne Turbo S, the range topping Cayenne with an extra 50bhp and a £107.5k price tag. The 2013 Porsche Cayenne Turbo S has been revealed with a few subtle cosmetic changes and an extra 50bhp and 37lb/ft of torque to add to the Cayenne Turbo’s 500bhp and 516lb/ft. Porsche has released the extra 50 horses in the Turbo S by making the inlet manifold more-free flowing, turning up the boost a bit and plugging in their laptops to have a fiddle, the result of which is a 0-62mph of 4.5 seconds and a top speed 3mph more.
