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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.

New 2015 Land Rover Discovery Sport revealed

Land Rover has revealed the all-new Discovery Sport ahead of its UK showroom debut in January 2015. The new compact SUV will seat up to seven people and is the first model from Land Rover’s new family of Discovery vehicles. The new Land Rover Discovery Sport will cost from £32,395 in the UK and the firm is promising a sub-£30,000 model for later in 2015.

Ford testing self-parking cars – with or without a driver (video)

Ford testing self-parking cars – with or without a driver It seems we’re heading to the point where cars can do more and more for the driver, and fully autonomous cars seem to be less than a decade away. On the way to the fully autonomous car, car makers will be offering stages on the way as the ability of cars to be self-controlling moves along, and Ford are heading in that direction with their new systems for parking and obstacle avoidance. Ford are running prototypes with Fully Assisted Parking, a system that manages to sense a space, control the steering, gearbox and brakes to park the car at the touch of a button, even if the driver isn’t actually in the car.