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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.

Daimler considers building Mercedes C-class in U.S.

Daimler AG could move some production of the Mercedes-Benz C-class to the United States from Germany, a German newspaper reported Wednesday. The Stuttgarter Zeitung said some C-class production could be transferred to the carmaker's plant in Vance, Ala., from Sindelfingen, near Stuttgart, as part of a wider production shakeup planned by Daimler to reduce costs. In the future, the C-class sedan could be built in three locations: Bremen, Germany; Vance, Ala., and in China, the newspaper said.

Fiat 500L MPW stars at the 2013 Frankfurt Motor Show

The Fiat 500L MPW – or Multi-Purpose Wagon, to give it its proper name – is making its debut here at Frankfurt 2013. Building on the lifestyle-orientated 500L, the MPW is meant for “living life to the full,” according to Fiat. As such, the 500L MPW (also known as the 500L Lounge on the continent) offers more practicality, with a ‘5+2’ seat configuration.