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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.

Cadillac Ciel concept

The Cadillac Ciel concept, a four-seat convertible, has just been revealed at the 2011 Pebble Beach Concours d’Elegance. "The Ciel is about the romance of the drive," says Clay Dean, global design director of Cadillac. "It emulates the great touring cars seen on the greens at Pebble Beach, but with a modern flair that projects Cadillac's vision for the future." Interior design manager Gael Buzyn says, "Simplicity and lightness ensure nothing distracts from the open driving experience, while the color and materials lend the feeling that the vehicle's environment blends with the surroundings." The four-door Cadillac Ciel concept was developed with a long, low proportion, reminiscent of classic automobiles, while the interior features Italian olive wood, machined aluminum and hand-tipped leather.

Audi planning a version of the VW Up!

Audi planning their own version of the VW Up! (pictured) The German premium car makers – Audi, BMW and Mercedes – are in a battle to see who can sell the most ‘Premium’ cars. And Audi has big plans to stay in the race.