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Win VIP tickets to the 2012 Goodwood Festival of Speed

We've driven the famous Jaguar XJR-8 Le Mans race car in the new June 2012 issue of CAR Magazine – and to mark the occasion we have three pairs of VIP tickets to the Goodwood Festival of Speed to give away. Our editor-at-large Mark Walton drove the Group C-winning racer up the 1.16-mile Goodwood hill for CAR and you can watch his video blog here. And don't miss the six-page feature in the June issue.

Aston Martin reveals the 2012 V12 Vantage GT3 race car

Aston Martin V12 Vantage GT3 It’s been mooted for quite a while, but now it’s confirmed – AM are to replace the DBR9S race car with the Aston Martin V12 Vantage GT3. Built on Aston Martin’s now rather ancient V/H architecture modular chassis, the Vantage GT3 also features Aston Martin’s one and only engine – the V12 originally built from a pair of Ford Mondeo engines – which in the GT3 version will produce something in the region of 600bhp and 516lb/ft of torque. What the GT3 also gets – as the photo above clearly demonstrates - are new aerodynamics, which makes the GT3 seem much more aggressive than the V12 Vantage on which it’s based.

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.