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.

Porsche opens new Weissach design studio

Porsche has officially opened its new design center. Located at its Weissach development center, the facility includes interior and exterior design departments, plus a dedicated area for concept car construction. According to Porsche chairman, Matthias Müller, the architecture of the new studio has been designed to allow the firm's "creative developers to work hand-in-hand even more methodically than before." The new design center is one of three new buildings opened at the site, which have been built as part of a $200million investment at Weissach.

Aston Martin V12 Vantage S Roadster arrives with 565bhp – the quickest Aston Roadster ever

The new Aston Martin V12 Vantage S Roadster arrives The Aston Martin V12 Vantage S – revealed in 2013 – has lost its roof and turned in to the quickest open-top car Aston Martin has ever produced. The Aston Martin V12 Vantage S Roadster gets the same 5.9 litre V12 as the tin-top model, which means a 0-60mph of 3.9 seconds (0-62mph 4.1s) and a top speed of 201mph, both figures just below the coupe but enough to make this the fastest production Aston Roadster ever. The V12 engine also offers delicious lumps of torque, with 457lb/ft – and most of that available almost from tickover – all delivered to the back wheels through the Graziano 7-speed automated manual ‘box.