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2010 Audi A8 to launch in Miami

The Audi Pavilion at Design Miami USA where Audi will reveal the 2010 A8 The long, drawn-out saga of the next generation Audi A8 is finally being resolved with the announcement that Audi are going to launch the A8 on the eve of the Design Miami USA event – 30th November. Which does seem a bit of an odd place for a mainstream, high-end car maker to launch its new flagship. Are Audi saying that the new A8 is all about design, rather than performance or luxury or, quite frankly, anything else?

Detroit Electric reboots for Shanghai auto show

The Detroit Electric name is being revived in the Motor City. The company says it will reveal its first electric sports car -- based on the Lotus Elise -- at the Shanghai Motor Show in April, and begin selling in limited markets by August. That's a lofty goal for a company that just hit our radar on Tuesday morning.

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.