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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.

Mercedes-Benz considering Aston Martin buyout

Mercedes-Benz is reportedly considering a deal to buyout sports car manufacturer Aston Martin, fuelling rumours that the canned Aston Martin Lagonda SUV concept from 2009 (pictured above) could once again be back on. The move would see Merc increase its current 5% stake in the British brand following a deal announced last year to supply AMG engines for Aston’s next generation of sports cars. On Bing: see pictures of the Aston Martin Lagonda SUV concept Find out how much a used Aston Martin costs on Auto Trader It’s no secret the firm has been toying with the idea of a premium SUV following the Lagonds concept, so with Mercedes technical expertise and existing model range, it opens up potential new models to Aston Martin.

Porsche 918 Spyder microsite goes live

Porsche is entering the hybrid-hypercar market this fall with its pretty 918 Spyder. We saw the first concept 918 way back in 2010, and we've been seeing official photos and video of 918 pre-production mules testing for quite a while now. The early impressions of the driving experience are in, and from what we understand, it's pretty incredible.