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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.

SPD starts collaboration with VW Group Design on Masters program

Scuola Politecnica di Design (SPD) and Volkswagen Group Design are starting a new five year collaboration program focused on the development of experimental mobility projects for Lamborghini, Audi and Volkswagen. The Milan, Italy-based university is offering eight scholarships to participate to the one year Master Program in Car and Transportation Design, which will take place from 21 October 2010 to October 2011. The university is currently accepting applications from students and professionals from all over the world, with the aim of providing training with the protagonists of automotive design.

Motorists Still Paying A High Price At The Pumps

THE LATEST report from the AA highlights the depressing fact that motorists continue to cough up when filling up at the pumps. According to the motoring organisation, average petrol prices at the pumps are staying "stubbornly above" 130p a litre despite discounts in many areas. While a number of fortunate motorists have been getting petrol for around 128p a litre of late, the average price nationwide is 130.46p a litre, the AA said.