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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.

Exclusive: Bertone BAT 11 unveiled

For the first time in over 50 years, Bertone sadly did not have a stand at this year's Geneva Show, largely due to the severe financial difficulties facing the company. However, that didn't stop them making a surprise debut at the first AutoDesignNight last night in Geneva with the amazing BAT 11 concept, commissioned by American enthusiast Gary Kaberle who owned the original 1955 BAT 9 car. The car was exclusively unveiled before an audience of 400 of the world's top designers at an evening reception at La Sip nightclub in the heart of the city.

Hyundai i10, i20 and i30 Special Edition Edition

The three new Hyundai Special Editions for 2010 A bit of a mouthful, I admit. But the explanation is that there are new ‘Spedical Edition’ models of the Hyundai i10 Edition, the Hyundai i20 Edition and the Hyundai i30 Edition. So Special Edition Editions it is.