New Davis Instruments 448 Whale Tail Xl 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.

Peugeot 408 GT Coupe planned for 2016

Peugeot 408 GT Coupe planned for 2016 based on the 308 (pictured) The market for smaller four-door coupes has grown in recent years, and it looks like the Mercedes CLA – the four-door coupe version of the Mercedes A-Class – is a runaway success. That seems to have given Peugeot the idea that it should revive the ’40-something’ badge a couple of years after they dropped the 407 and 607 in favour of the 508 and build a new coupe, this time a four-door. The Peugeot 407 was a larger two-door coupe – the not quite as convincing update for the very good 406 coupe – which had an old-world coupe feel and was very much a niche product in Peugeot’s range.

Hennessey Venom GT hits 230 mph in less than 20 seconds

The power junkies over at Hennessey have uploaded a YouTube video of the company's Venom GT hypercar. The Lotus-based GT sprints from 0-to-228 mph in 19.96 seconds, or the time it takes to update your Facebook status. Behind the driver of the Venom GT is a Corvette ZR1-sourced LS9 V8.