1984-1996 Jeep Cherokee Xj Taillight on 2040-parts.com

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.

Inside the Lexus LFA Centre of Excellence

Inside the Lexus LFA Centre of Excellence The Lexus LFA is like no other Lexus – and, in many ways, unlike any other supercar – so Lexus make sure the 38 LFAs in Europe get the specialist care they need. Lexus has established a Centre of Excellence for the LFA in Cologne where a team of LFA experts make sure that every LFA in the UK and Europe gets treated just like a Le Mans car when it comes in for servicing. That means removing body panels to get access to the suspension, steering and subframe, every nut and bolt double checked, fingertip inspection of the discs and pads, x-rays to check for wear and detailed inspection of the CFRP bodyshell as well as normal stuff like oil and filter changes.

Ferrari ups profits while cutting production (2013) CAR report

Eyebrows were raised in May 2013 when Ferrari chairman Luca di Montezemolo confirmed to a group of journalists, including CAR’s own Ben Barry, that the illustrious supercar maker wanted to slow its production rate and sell fewer cars in 2013. The strange-sounding order was decreed to help the brand retain its exclusivity, yet despite the gastric band on output, the Ferrari boss insisted profits could be upped. Impossible?