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Some secured lenders object to quick sale of Chrysler
Mon, 04 May 2009A 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.
Ford to adjust voice, touch-screen system
Mon, 17 Jan 2011Ford Motor Co. will improve MyFord Touch, which uses voice and touch-screen controls, but won't remove it despite recent criticism that it distracts drivers, CEO Alan Mulally said last week. With the technology, also offered on Lincoln vehicles as MyLincoln Touch, drivers use a touch screen on the center console to control such things as temperature, music and cell phones.
Dodge Challenger R/T Classic harkens back to '70s muscle
Tue, 13 Jan 2009Dodge is evoking the spirit of the original 1970 Challenger with a special edition car it will introduce later this month. Dodge quietly placed the Challenger R/T Classic special edition car on its Detroit auto show stand during press days but won't announce details until later this week. The Challenger R/T Classic will be offered initially in Hemi Orange and Torred.