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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.

Daydreaming of nudist beaches whilst driving? BMW has the answer.

BMW Lane Departure Warning - just in case you're daydreaming BMW has a new advert for its lane departure warning system featuring a daydreaming man and his vibrating head. We’ve all done it (well, we all have) – managed to drive to wherever we’re going without remembering a single thing about the uneventful journey. We all think that if something did happen our brains would jump back in to focus and attend to whatever it is that needs attending to.

Porsche 928 to be reborn as Porsche Panamera Coupe

Porsche boss Matthias Mueller has revealed plans for new variants on the Porsche Panamera – including a Panamera Coupe – and more new models. Porsche boss, Matthias Mueller, has confirmed that Porsche are planning to extend the Panamera offerings with a coupe and probably a production version of the very convincing  Panamera Sport Turismo Concept we saw at Geneva in the spring, although nothing has been signed off yet. The most likely time for the Panamera Coupe and Shooting Brake to arrive is after Porsche refresh the Panamera next year, so we should expect a ‘new 928′ to arrive some time in 2014.