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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.

Wörthersee Tour 2011

The annual Wörthersee Tour meeting saw the VW Group wheel out a larger than usual selection of concepts to appease the flocks of GTi devotees who made the pilgrimage across to Austria for Europe’s largest VW Festival. Now in its 30th year, the Wörtherseetour meeting brings together lovers of all VW Group models. We take a look at what the OEMs offered their fans: Volkswagen Volkswagen saw fit to unveil two sporting variations of the new Golf cabriolet model.

Fiat Centro Stile shares Panda Design sketches

After debuting at the Frankfurt motor show, and impressing us in the process, Fiat has released a series of fun illustrations documenting the new Panda's design process. Produced by the Centro Stile Fiat, the illustrations aim to highlight and describe the new stylistic features and functions of the city car. The new Panda is said to be inspired by 'the most modern trends' and is also based on the idea that every user has their own needs.