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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.

Bentley Hybrid Concept is a Mulsanne, but it’ll arrive in the new Bentley SUV

The Bentley Hybrid Concept (pictured) will debut in Beijing There’s been lots of talk of a Bentley Hybrid for a number of years now, and in 2011 Wolfgang Dürheimer confirmed that hybrid was in Bentley’s plans and that it would be a plug-in. Fast forward three years and we get the Bentley Hybrid Concept, Bentley’s first crack at a plug-in hybrid powertrain all wrapped up in the Mulsanne. But it won’t be the Mulsanne that sees a production version of the hybrid powertrain but, as expected, the new Bentley SUV.

McLaren P1 goes round Top Gear Track with Sergio Perez (video)

We have video of the new McLaren P1 taking on the Top Gear track at Dunsfold in the hands of McLaren’s F1 driver Sergio Perez. We reported from Geneva that Ron Dennis has declared he put the new McLaren P1 round Top Gear’s Dunsfold track a full 10 seconds quicker than the contentious Top Gear lap time set by the Pagani Huayra. So when McLaren sent us a video that declared their new F1 driver, Sergio Perez, had taken the P1 round Dunsfold – and here is the video – we though we might get a proper insight in to just how quick the P1 is.