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The 500-hp club

Petrol heads, continue to rejoice: Car manufacturers have not ignored your cries for high-powered cars and trucks. Despite tightening emissions regulations and rising fuel costs, automakers are building an increasing number of vehicles putting out at least 500 horses. Based on our research, there are over 80 cars sold in the United States that deliver these burnout-inducing numbers (not including tuners such as Mosler or Callaway).

Ford outsells GM for second time since 1998

Ford Motor Co. outsold rival General Motors in the United States last month for the second time since 1998. Ford, aided by a 21 percent jump in truck sales amid rising gasoline prices, said today it sold 212,295 light vehicles last month, or 5,674 more than GM.

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.