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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.

Volvo XC60 (2008): first official pictures

By Tim Pollard First Official Pictures 19 February 2008 12:10 Volvo has finally sanctioned official shots of the XC60 – a junior version of the XC90 SUV that has helped turn around the fortunes of the Swedish company. Yes, it’s another crossover entering an increasingly congested marketplace, but Volvo hopes this one will appeal to buyers wanting the versatility of a 4x4 without the heft. Key points worth noticing are the Swedes’ gently evolving design – this is the first model developed under Steve Mattin’s watch as design director.

Coventry University students prepare for the MA Design Degree Show

MA students from England's Coventry University Automotive Design course are preparing for their annual degree exhibition. This year's Show, entitled '15' will present fifteen students work from the fifteen month course in the new Coventry Transport Museum in the centre of the city.   The projects on show cover the full spectrum of vehicle concepts ranging from a luxury car inspired by Chanel perfume to a future proposal for a New York taxi and students have taken a wide variety of starting points for their project research.