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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.

Nissan GT-R beats its Nurburgring record – more to come today?

The jubilant Nissan GT-R team celebrates their new lap record at the Nurburgring [ad#ad-1] The Nissan GT-R is indeed an impressive car. It offers real supercar performance for what appears to be a relatively modest price. Admittedly it still costs an arm and a leg to service, and with exchange rates as they are at the moment it will become less of a bargain, but it’s certainly chucked a very big spanner in to the works as far as the more established Supercar makers are concerned (Porsche in particular had plenty to say about the last time the GT-R set).

Caterham 620R heading for Goodwood debut

The Caterham 620R (pictured) will debut at the Goodwood FoS Caterham may be planning an assault on the mainstream car market with an SUV and a City Car, but it’s not forgetting its roots, with a new entry-level 7 in the mix and now a new range-topping 7 – the Caterham 620R. The Caterham 620R is heading for Goodwood this week for a debut – and consigning the current R500 to the history bin in the process – as the most powerful road going car Caterham have ever produced. The power comes from the same 2.0 litre Supercharged Ford engine as the R500, but in the 620R the wick has been turned up to 11, with 310bhp on offer, enough to scoot the 500kg 620R to 62mph in just 2.8 seconds.