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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.
New Mercedes S 65 AMG revealed as S-Class range-topper
Fri, 08 Nov 2013The 2014 Mercedes S 65 AMG (pictured) revealed ahead of LA & Tokyo debuts We’re assuming that the new 2014 Mercedes S 65 AMG will remain the new range-topper for the S-Class, but with Pullman versions of the S-Class still to come – perhaps with the Maybach badge – that’s not a certainty. But for now, the newly-revealed S65 AMG is indeed the top of the range in the new S-Class and will get its public debut at both the Los Angles and Tokyo Motor Shows later this month. We’ve actually already seen a photo of the new S65 AMG back in September when Mercedes were busy filming a promo, but now we get the full details ahead of debut.
GM dismisses marketing chief Joel Ewanick
Sun, 29 Jul 2012UPDATED -- General Motors has dismissed global marketing chief Joel Ewanick two years after hiring him. "He failed to meet the expectations the company has of an employee," spokesman Greg Martin said Sunday, without elaborating. In a short statement, GM said Alan Batey, GM's vice president of U.S.