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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.

2013 Mercedes E-Class Coupe & Cabriolet: Price and Specification

The facelift has meant a revised model lineup across the E Class range with just two trim levels, with the entry-level model getting SE trim – but only for the E 220 CDI – and the AMG Sport available across all engine options - E 220 CDI, E 250 CDI and E 350 BlueTEC diesels and E200 petrol. Both trim levels come with COMAND, DAB, speed sensitive electric steering, partial LEDs, Active Park Assist, Attention Assist and Collision Prevention Assist, with the SE getting 17″ alloys, Sport grill, leather, heated front seats and aluminium trim. The E 220 CDI SE Coupe costs from £35,095 and the Cabriolet from £38,465.

Audi does Vegas

Rupert Stadler, chairman of Audi AG, became only the third car company executive to deliver a keynote address at the Consumer Electronics Show, and he did it--as all the best Toastmasters do--by starting with a joke. “When I received the invitation to speak here this year, I thought: why don't I bring a nice example of an electronic device made by Audi,” said the chair. “Ladies and gentlemen, meet the Audi E-tron Spyder concept car.