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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.

VW releases sketch of U.S.-made sedan

Volkswagen of America has released a sketch of its new mid-size sedan that will go on sale in the fall of 2011 as a 2012 model-year car. The factory currently being built by VW in Chattanooga, Tenn., will start producing cars in the spring of 2011. Sales of the mid-size sedan will be at least 100,000 units annually at full capacity.

Dacia Logan MCV (Estate) revealed: Geneva Motor Show

Renault’s budget brand – and driving force – Dacia reveals a new model to add to the Duster and Sandero – the Dacia Logan MCV Estate. Renault’s budget brand has hit at the hearts of cash-strapped motorists with two models, aimed at the mopping up sales in the space vacated by former budget brands like Hyundai and Kia, with the cracking little compact SUV Duster and the far from useless Sandero, and now it has a new car aimed at budget-conscious family motorists – the Dacia Logan MCV Estate. The Logan MCV (maximum capacity vehicle) shares a common platform with other Dacias and comes in at 4490mm long with enough room in the back for 573 litres of junk with the seats up or a fairly capacious 1518 litre with the back seats folded down and a huge 16 different storage areas dotted around.