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Cars, Harleys among items to be sold in dealer bankruptcy auction

Three cars, five Harley-Davidson motorcycles and five boats are among the items from bankrupt Minnesota car dealer Denny Hecker being auctioned off to raise money for creditors. The item list for the May 25 auction in New Germany, Minn., includes a 2004 Cadillac Escalade, a 2004 Mitsubishi Eclipse Spyder convertible and a 2002 Mitsubishi Montero SUV. This is the third sale of Hecker's possessions since last August to raise money for creditors.

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.

GM to auction 'Cooksey' Corvette Z06 to benefit Haiti relief efforts

General Motors will donate the proceeds from the sale of a limited-edition Chevrolet Corvette 427 Z06 that is crossing the auction block this weekend to help fund relief efforts in Haiti. GM design boss Ed Welburn will introduce the car at the Barrett-Jackson auction on Saturday in Scottsdale, Ariz. The automaker will donate the money from the sale to the American Red Cross to fund its work in earthquake-devastated Haiti.