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.

1970s supercars

By Tim Pollard and Ben Oliver 10 July 2008 16:02 Supercars in the Seventies Lamborghini continued to define the supercar in the ’70s, building on the success of the dramatic Miura with the brutal and startling silhouette of the Countach. But Lambo’s nemesis Ferrari was never far behind, and the two Italian thoroughbreds dominated the market, with a succession of beautiful supercars throughout the decade. Despite the threat of the global oil crisis, the Germans started to muscle in on supercar territory with the rare BMW M1 and Porsche's upstart sports car, the 911 Turbo.Browse our GBU-style pick of the decade's landmarks below – and vote for your favourite supercar decade in our poll Make and model Year Price Engine 0-60mph Top speed 1973  £14,610   4390cc flat 12, 360bhp, 311lb ft   5.4sec  175mph For   Pininfarina's styling set the look for Ferraris until well  into the 1980s   Against   Ferrari's answer to the Miura arrived seven years late Verdict   A seminal Ferrari for styling and engineering, too often overlooked   Ferrari's first mid-engined V12 was good enough to stay in production for nine years, bridging the huge gap between the Sixties Daytona and the Testarossa of the Eighties Related Articles:    Other Ferrari stories    Make and model Year Price Engine 0-60mph Top speed Porsche 911 Turbo  1974 £14,749 2994cc flat six, 260bhp, 253lb ft 6.0sec 155mph For   The car that took the 911 into supercar territory; a legend was born Against   Everything you've heard about the handling of early cars is an  understatement.

Jaguar XJR (2013) first official pictures

Jaguar has plumbed its most potent supercharged V8 engine into the XJ, to create the new range-topping XJR. Making its debut at the New York motor show on 27 March 2013, the new model is the fastest Jag limo ever to wear the XJR badge. Jaguar's 2013 XJR: the details Under the bonnet is a supercharged 5.0-litre V8, putting out 542bhp. It's the same engine used in the other flagship performance Jaguars: the XKR-S and XFR-S.