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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.

Mercedes F125 concept (2011) at Frankfurt motor show

Mercedes today unveiled the F125 concept car - a car bearing the three-pointed star's F name to demark it as a tech testbed, and the 125 to mark Merc's 125th anniversary in this four-wheeled business. It's a hydrogen fuel-cell vehicle, and Merc claims a punchy 1000km (620-mile) range. But the scientists here are proud of the cutting edge lithium sulphur batteries, used to store energy created by the fuel-cell.

Peugeot HX1 concept car (2011) first news more pics

This is the Peugeot HX1, a concept car to explore the theme of French luxury. It’s a sleek people carrier with an exquisite cabin, featuring natural oak structures and a slatted roof that casts light and shade across indulgent white leather seats. The HX1 raises a fascinating question: how did France – home to haute couture fashion and gourmet cuisine – permit the rational, formal Germans to define and monopolise the luxury car?