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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.

Range Rover (2012) first official pictures

At last, the all new Range Rover is revealed, with no camo-tape! The new Rangie is 420kg lighter, more eco-friendly, and even more opulent than the outstandingly successful current car. These are the first official pictures of the new Range Rover: you can see it for yourself in the metal at the Paris motor show from 29 September 2012 The styling of the new Range Rover Although the profile looks similar, there's actually been much tweaking of the proportion of metal to glasshouse. Also, you'll spot lots of detail changes to the new Range Rover to set it apart from the current car.

GM to keep GMC, Pontiac, exec says

A senior General Motors executive today denied reports that President Barack Obama's automotive task force has pressured the automaker to dump GMC and Pontiac. Company sales chief Mark LaNeve also denied rumors that GM plans to terminate the franchise agreements of poorly performing dealers before June 1 to accelerate its dealership consolidation campaign. "The strategy we laid out for you [in February] is still the strategy," LaNeve, GM's vice president of vehicle sales, service and marketing, said today in an interview with Automotive News.