First the mortgage rescue and now the auto rescue. In order to stimulate the economy, the federal government enacted another bill that would loosen credit by increasing the maximum size of the federal guaranteed loan that can be extended by the Small Business Administration. This new bill enable small auto dealers to receive federal loans from $2 million to $5 million.

Spyker Cars, which sell cars under the Saab and Spyker brands, has released a statement to confirm that it is in negotiation with BMW about future engine technology sharing. In recent months, there have been much speculations on this matter, and today, Spyker confirms it.

The recall of the new 2011 Hyundai Sonata is official, which is reported by the National Highway Traffic Safety Administration (NHTSA). As much as about 139,500 new 2011 Hyundai Sonata will be recalled due to a wheel steering problem.

Ford just released a Technical Service Bulleting (TSB) for a clutch issue on 2011 Mustangs built before April 25, 2010. According to the TBS, the affected models may experience a clutch pedal “stayout” condition with a manual transmission that has around 10,000 miles or less.

After many testings and revisions, it seems like the Chevy Volt cannot reach the 40 mile-per-gallon mark when it debuted back in 2007. When GM released information on the Volt back in 2007, which stated that the Volt has a range of about 40 miles on the battery alone and 640 miles on a full 12 gallons of gas. In addition, the Volt would be able to run on gasoline or ethanol E85.