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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.

Kia cee’d Facelifted – launches at Frankfurt

Kia has facelifted the cee'd and will launch it at Frankfurt in September The Ki cee’d rides well, has a good choice of engine options and is well bolted together. It even comes with a seven year warranty, so even if it did fall apart – which it won’t – you’re covered. It is also getting Kia’s ISG (Idle, Stop, Go), which is Kia’s version of Stop Start.

Monthly sales projected to rise 15 percent, J.D. Power says

December is shaping up to show the U.S. industry's strongest year-over-year sales increase of what's been a dismal 2009. Expect a 15 percent spike in new vehicle sales in December, powered by a retail surge, according to projections released today by industry forecaster J.D.