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Some secured lenders object to quick sale of Chrysler
Mon, 04 May 2009A 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.
Jaguar XE Estate & Coupe “…a very difficult business case”
Mon, 13 Oct 2014It’ll be tough to extend the Jaguar XE Range in to an Estate & Coupe We’ve banged on for years about Jaguar extending their saloon car range (well, the XJ and XF as that’s all they had until the XE arrived) to coupes and estates, at the very least. We know, for example, that the Jaguar XJ Coupe has been on the drawing board for as long as the current XJ, but Jaguar has failed to build it. Similarly, there have been rumblings about an XF Coupe for years, but that has come to nought too, although Jaguar did finally manage to launch the XF Sportbrake Estate to extend the XF range a little.
Luxgen Luxgen5 sedan
Fri, 09 Dec 2011Luxgen, Taiwan's only automotive manufacturer with its own design and development center, has announced the launch of the Luxgen5 sedan, which the company says has three design aesthetic elements: surfacing performance, re-curved strokes and intelligent airfoil. What this translates to is a silhouette comparable to the Opel Insignia, with an arcing A-pillar that runs through the cant rail onto the high rear deck. The DRG boasts a large grille, where the chromed ‘wing' motif runs into the LED lamp graphics. The sculpted flanks feature an array of character and detail lines that fall into the ‘re-curved strokes' category of the Luxgen design language.
