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Mandelson to announce help for car makers

Lord Mandelson is the man charged with finding ways to fund UK Car purchases (yes, he of the dodgy mortgage debacle – at least he should know a few tricks!) as the credit crunch has dried up funding, leading to an unprecedented drop in new car sales in the UK. Mandelson is due to make a statement in the Lords just after 3pm today, outlining the help the government is going to offer to ailing car makers. Central to this package is expected to be a funding channel directly from the Bank of England to inject liquidity in to the car financing sector.

VW Cross Polo (2010) Revealed

The VW Cross Polo will debut at the Geneva Motor Show No, it’s not an angry version of the 2010 Volkswagen Polo but VW’s fake off-road version of the latest Polo designed to appeal to those who want a rufty-tufty car to cope with the demands of the Urban Jungle. The Cross Polo (we’d expected it to be the ‘CrossPolo’ as the Germans like to run words together, like ‘BlueEfficiency’ or EfficientDynamics, but the graphics on the Polo make it clear it’s the ‘Cross Polo’) is the latest version of the 2010 Polo to be revealed. Just this week we’ve had the 2010 Polo GTI and the 2010 VW Polo BlueMotion (see – it’s those joined together names again) and the Cross Polo makes the hat trick for pre-Geneva.

Chrysler 300 sneak peak: GM reveals future of car line

Late Tuesday, General Motors and Chrysler submitted their recovery plans to the government. The bottom line: GM and Chrysler say the need another $18 billion total in government loans to make it until auto sales turn around. As part of the plans, the automakers gave a preview of some future products that they hope will help drive the turnaround.