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Some secured lenders object to quick sale of Chrysler
Mon, 04 May 2009A 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.
2013 Focus RS with 380bhp confirmed
Fri, 05 Aug 20112013 Ford Focus RS confirmed with 380bhp We never really had any doubt that Ford would produce an RS version of the new Focus. Although we did think that the 2012 Focus RS would come with a hybrid setup giving 4WD. But it seems not.
Audi's clean and green future
Thu, 30 Aug 2007By Ben Pulman First Official Pictures 30 August 2007 04:30 What’s all this about then? Vorsprung durch Technik? Audi, like every other German premium car maker, is feeling the pressure from the EU, its own Green Party, Al Gore, and seemingly everyone else.