Fuel Pump, Hilborn Fuel Injection Pump on 2040-parts.com

Senate releases $350 billion more in bailout money

The Senate voted Thursday to release a second round of $350 billion in federal aid to rescue financial institutions. The money could be the source of additional loans to automakers, auto finance companies and perhaps suppliers. An earlier allocation of $350 billion funded the first installments of emergency loans to General Motors and Chrysler LLC.

2014 Jeep Cherokee delayed?

Chrysler Group late today took the unusual step of postponing a planned media drive of the 2014 Jeep Cherokee scheduled for early next month but vowed that "vehicles will still be in showrooms in September." The media event -- in which waves of national and foreign journalists were to gather in Seattle between Aug. 8 and 14 to drive the Cherokee for the first time -- was delayed until at least the first half of September, according to an email from the automaker. "Over the last couple of weeks during final quality and durability testing, we have discovered the opportunity to further improve powertrain calibration" in the Cherokee, the company said.

Happy birthday, Alfa: Party planned for June and you're invited

After launching a new Giulietta to celebrate its 100th anniversary, Alfa Romeo will continue the party June 26-27 with a huge rally for owners of its vehicles. The global gathering will be held in Alfa's hometown, Milan, Italy. More than 3,000 participants are expected to show up, and the festivities will include a rally through downtown Milan (filmed by helicopter), concerts and the presentation of a sculpture.