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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.
Porsche Panamera V6 (2010 / 2011) revealed +video
Tue, 16 Feb 2010The Porsche Panamera V6 will debut in April at the Beijing Motor Show A year on from the launch of the Porsche Panamera in China last year, Porsche has revealed that the Porsche Panamera V6 will join the Panamera lineup and – in yet another sign of the importance of the Chinese market – will be revealed at the Beijing Motor Show in April. The Panamera V6 comes with either rear wheel drive – the Porsche Panamera – or 4WD – the Porsche Panamera 4 – and gets a new 3.6 litre V6 petrol lump producing 300bhp and 295lb/ft of torque. Fitted with Porsche’s PDK ‘box both models get stop/start to trimĀ emissionsĀ and improve economy.
Bentley Continental Flying Spur Arabia & Flying Spur Speed Arabia revealed
Tue, 10 Aug 2010Bentley Continental Flying Spur Arabia It doesn’t take a genius to work out that a good way to keep your customers happy is to make them feel special. Make them feel they’re getting something no one else is because they’re so important. And car makers are no different to any other business, so if they see a chance to do a Limited Edition and suck up to a bunch of good customers at the same time, so much the better.







