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Energy Department recovers $21 million from Fisker to pay back loans

The U.S. Department of Energy says it recovered $21 million in cash from struggling Fisker Automotive that will go toward repaying nearly $200 million in loans extended under a U.S. program to spur advanced vehicle development.

Kia Sorento at 2009 Frankfurt motor show

By Freddie Fulton First Official Pictures 10 August 2009 16:21 Kia is a company rapidly transforming its image with a series of new models targeting Europe’s best – and today we see the next arrival, the new Kia Sorento. We’ve already scooped the new Sorento earlier in the year and seen it in Korean guise at the Seoul motor show, but now we can see the Euro-spec 4x4. Kia Sorento: what’s new?Pretty much everything.

Chrysler to fight Ford compact van with Fiat Doblo

Chrysler Group's new Ram brand will sell a version of the new Fiat Doblo compact van in the United States. The Fiat-sourced Ram van will go up against Ford Motor Co.'s Transit Connect, which Ford started selling in the U.S. in July.