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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.

Changes coming to LA Auto Show

The toughest opponent for the Greater Los Angeles Auto Show has never been the weather, which is always perfect, nor the location, in car-crazed Southern California. It's been the calendar. After decades of being run on the exact same dates as the larger and more globally recognized Detroit auto show, LA finally stepped out of the shadow of the Motor City several years ago and grabbed its own spotlight -- in November.

Toyota teases new 2014 Aygo city car

This is the initial teaser image of the new 2014 Toyota Aygo, set to make its first public appearance at the 2014 Geneva Motor Show next month. The Japanese firm is yet to reveal any details on its new city car, but we do know that it has once again been developed in conjunction with Peugeot and the French firm’s latest 108 compact urban hatchback. On Bing: see pictures of the 2014 Toyota Aygo Find out how much a used Toyota Aygo costs on Auto Trader Just like the previous Aygo, the new car will share its chassis and engine line-up with the latest Peugeot.