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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.

2010 BMW 7 Series updates: 740d, M-Sports & X-Drive

BMW has added a new diesel to the 7 Series Range for 2010 - the BMW 740d BMW has confirmed the M Sports Package will be available for the first time on the BMW 7 Series, and will be an option across the entire range. So you can now have the front and rear aprons; carbon black paintwork; 19″ M wheels; BMW Dynamic Drive; aluminium trim; M Gear Lever etc., etc. The latest BMW 7 Series is a handsome car once more, and these M-Sport options do seem to add a certain aggression to its stance – not a bad thing.

Mercedes-Benz's 'invisible' car stunt [w/video]

Mercedes-Benz has crafted a clever publicity stunt in and around Hamburg as part of its campaign to promote its zero-emission B-Class F-Cell car. The Stuttgart-based carmaker showed off its redesigned hydrogen fuel cell technology by sending out what appears at first glance to be an invisible car, aimed to highlight the automaker's point that the car is 'invisible to the environment'. Mercedes-Benz recorded reactions from passersby to create a 90-second online viral featuring an explanation of how the effect was created using LED lights and cameras.