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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.

Rolls Royce Wraith for Forza 5 – the first video game Rolls Royce

The Rolls Royce Wraith joins Forza If you play Forza Motorsport 5 for Xbox One, you have the choice of seemingly endless cars and tracks in wonderful detail, with the focus on performance and thrills. So a Rolls Royce may not seem the most obvious choice of a Forza car, but with RR’s belief that the new Wraith offers a great driving – and luxury – option, they’ve taken the step of joining the world of video games. Developed by Turin 10 Studios, Forza Motorsport 5 gets an all-new graphics engine that brings realism to a new level, and that suits the Rolls Royce Wraith just fine.

SEMA ups scholarship money for car-crazed college kids

The Specialty Equipment Market Association, better known to most of us as SEMA, has announced a hefty boost to its SEMA Memorial Scholarship Fund for 2013: The top student selected now gets $1,000 more for a total of $5,000 toward an automotive-related college education. Other eligible participants in four-year programs get $3,000—last year, they only received $2,000—and two-year students get their funds doubled to $2,000. In the Buckeye State, one lucky student at the Ohio Technical College will get complete tuition coverage, which is a cool $29,400.