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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.

$2.9 million Pagani Zonda Revolucion introduced

Supercar maker Pagani introduced the Zonda Revolucion at its yearly international Pagani meet up. The Revolucion will be the last version -- for now -- of the Zonda. The company also said the R would be the last version, and then said the same thing about the Tricolore.

Fisker reborn as The New Fisker

The assets of Fisker may now belong to China's auto parts giant Wanxiang, but reports of the brand's demise have been greatly exaggerated. It was earlier believed that along with the technology and the debt that Wanxiang would be taking on, one thing they wouldn't get is the Fisker brand name itself. After all, in the relatively short history of struggling western automotive brands that have been bought up by Chinese automakers, brand names haven't always been part of the deal.