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Mercedes previews technology before Frankfurt auto show

Future Mercedes will crash less often and use less gas doing so. We got a few insights into exactly how that will happen when we attended the Mercedes preview the night before the Frankfurt auto show. Inside its own enormous hall at the International Auto Austellung, Mercedes previewed gas-saving and accident-avoiding technologies we can expect to see on production cars within the next decade.

L'argus European Design Competition 2004 announced

French magazine L'argus de l'automobile has launched its 3rd European Design Competition , with the theme: "Imagine the convertible utility vehicle" The competition has been run since 2002, asking students at European design schools to design original utility vehicles. The 2003 competition recieved more than 350 submissions from students of Europe's best schools of art and design. This year there are two major new features: extension of the competition to design students in the new European Union countries, and greater freedom for entrants, with a theme allowing more room for creativity.

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.