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SEAT Toledo Concept unveiled

Seat Toledo Concept - heading for Geneva 2012 The new SEAT Toledo Concept has been revealed ahead of its debut at the Geneva Motor Show next week. Looks production ready. Looking close to production-ready, the SEAT Toledo Concept has been rolled out by SEAT this morning ahead of a public debut next week in Geneva.

Mercedes plans electric version of SLS AMG supercar

Huge news at Mercedes-Benz: Engineers from its AMG performance-car offshoot are developing a plug-in electric version of the upcoming SLS supercar as part of a broad-based efficiency program to place the automaker at the leading edge of socially acceptable performance-car motoring. Tentatively planned for production in 2015, the new zero-emission supercar draws heavily on the production version of the yet-to-be-fully-revealed SLS scheduled to get its first public outing at the Frankfurt motor show on Sept. 15.

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.