1955 Oldsmobile 88 2d H/t Trunk Latch 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.

Lincoln MKT concept

By Liz Turner First Official Pictures 14 January 2008 17:27 Ford’s Geordie design boss, Peter Horbury is working hard to return long-neglected Lincoln from a brand driven by old ladies with poodles to the kind of luxury car presidents might ride (or get assassinated) in. The T in MKT stands for Touring, and he says: ‘When I think of touring, I imagine long journeys in extreme comfort.’ So passengers sit in seats inspired by the first-class cabin of an aircraft, surrounded by fine wood, leather and silk. It’s guilt-free luxury, though.

Wild thing: Audi A1 clubsport quattro unveiled

Audi has created a 496-hp version of the A1 small car to celebrate the 30th anniversary of an Austrian festival for Audi, Seat, Skoda and Volkswagen fans. Called the A1 clubsport quattro, the one-off show car gains a heavy dose of rally-inspired styling that is said to preview the appearance of a hot new all-wheel-drive S1 quattro model being developed by Audi as a rival to the likes of the Renault Clio Sport. At the heart of the hatchback is a heavily modified version of Audi's turbocharged 2.5-liter, five-cylinder powerplant shoehorned transversely into the A1's compact engine bay.