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Some secured lenders object to quick sale of Chrysler

A minority group of Chrysler LLC secured lenders has objected in bankruptcy court to the quick sale of Chrysler to a new corporate entity led by Fiat S.p.A. The group of about 40 banks and hedge funds holds about $3 billion of the $6.9 billion in secured loans that Chrysler has with the banks. Four major New York banks holding $4 billion of that debt agreed last week to settle for $2 billion in payment for the $6.9 billion owed.

BMW debuts social-media campaign for concepts

BMW launched its next marketing campaign for the BMW i3 and i8, aimed at the tech consumer. The campaign runs on location-service Foursquare, social-news round-up site Mashable and iAd, Apple's mobile-advertising network. The iAd campaign will run in Europe on iPhones, iPods and iPads.

Shelby American adds SCCA-ready version to the GT350 Mustang mix

Enthusiasts who want to take the new GT350 Mustang racing in Sports Car Club of America events are getting some help from Shelby American. The Las Vegas-based company, which upfits the 2011 Ford Mustang GT to create the GT350 Mustang, will add a normally aspirated version to the lineup. When Shelby American first announced the GT350 program in January, it centered on a supercharged version of Ford's new 5.0-liter V8 that would make about 500 hp.