Chrysler LLC’s chief says the automaker has received an initial $4 billion loan from the U.S. Treasury Department. Chief Executive Bob Nardelli said Friday night in a release that the Auburn Hills, Mich.-based company’s talks with the federal government about the bridge loan have been completed. Nardelli says the initial loan will allow Chrysler to [...]

It’s been known for some time now that the Volt will appear (along with the Camaro SS and the new Corvette) in the new Transformers movie.  Other than this bit of knowledge little is known about the eco cars’ role in the movie.  Until now: The car appears to be blue rather than purple (in [...]

Called the F3DM, this new electric family car is set to rival any Chrysler or GM offering when it makes its world debut at the Detroit Motor Show in January. The F3DM will presumably cost around $20,000 half as much as the Volt is expected to cost and probably much lower than any ENVI vehicle [...]

Now that both GM and GMAC have received aid from the TARP fund set up by congress GM and GMAC are planning on some good financing options. GMAC said it would relax credit requirements to allow loans to 80 percent of U.S. consumers. In mid-October, GMAC increased minimum credit requirements to a level that shut [...]