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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.

Baby born after 100mph police chase

A GROUP OF POLICE OFFICERS who pulled over a speeding car ended up facing a newborn baby instead of a criminal as a heroic grandfather delivered his granddaughter at the side of the road. Lola Mia Rose was born just as seven officers in four unmarked cars, who had chased her grandfather Colin Ellmore at speeds of 100pmh along the M275 in Portsmouth, surrounded the car. Her mother Tiffany, who has three other children, described the experience as "quite scary" and said she was "very proud" of her dad for delivering baby Lola.

Are Bugatti plotting a Final Edition ‘Super’ Veyron?

Will the power of the Veyron Super Sport (pictured) grow to 1500bhp? The rumours that the Bugatti Veyron would, at some point, get more than its original 100bhp or so have been around seen the Veyron first launched. Eventually, Bugatti delivered and we got the Veyron Super Sport – with 1200bhp – back in 2010 which was, inevitably, followed by the convertible version in the guise of the Veyron Grand Sport Vitesse sporting 1200bhp and a hole to let the sky in.