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.

Hyundai i40:Official

Hyundai i40 Estate We’ve revealed the Hyundai i40 before. And an official reveal at that. But that was for the i40/Sonata that gets sold in other parts of the world.

2014 Mercedes-Benz S-class gets armored

The release of every new Mercedes-Benz S-class is followed by the release of various coachbuilt variants months later, including versions that offer various levels of ballistic protection. SEMA itself produces a factory-made armored S-class. which for the past several generations of the car has been marketed as S-class Guard.