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Ken Block's Ford Fiesta rally car pics and video

A few weeks back we announced that Ken Block, famed for his excellent Youtube Gymkhana videos, was switching his Subaru WRX STi for a Ford Focus RS in the World Rally Championships. Today we show you the smaller 2.0-litre turbo engine Ford Fiesta rally car he'll be trialling in the American rallies. Here are the latest pics of the Monster-sponsored Fiesta, a short video clip and the upcoming dates for the WRC.

Lotus lusts after Lutz?

Lotus seem to be pursuing Bob Lutz The Lotus five year plan calls for the track day cars to make way for much more substantial and upmarket cars to become the force at Lotus; a move to become the Aston Martin East Anglia. Probably the first obvious move in this plan was to grab Dany Bahar from Ferrari last year (and Ferrari designer Donato Coco) and now Lotus are casting their net again to snare some big names to drive them forward. Top of the list is almost-octogenarian Bob Lutz who retired from GM – but certainly not from business – last year.

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.