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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.
College Exhibition: IED Degree Show 2007
Wed, 10 Oct 2007The Istituto Europeo di Design of Turin (IED) teamed up with Toyota to create "Prius of 2010-2015", the third year project of 26 students in the post-graduate Transportation Design Course. Led by Fulvio Fantolino, IED's Transportation Design Course Coordinator and followed in the various design stages by Elvio D'Aprile, Assistant Chief Designer at Toyota Europe Design Development, and by Tateo Uchida, General Director Research and Project Forum, the task to come up with concepts that, in addition to heightening the technological excellence, could stress the emotional element, an essential characteristic to conquer the European and world market. In all, ten projects were created and submitted to Toyota as the students' final thesis projects, showcasing a variety of different proposals for future ecological hybrid vehicles.
Toyota offers peek at redesigned 2012 Camry
Wed, 03 Aug 2011A redesigned 2012 Toyota Camry sedan is coming this fall--and Toyota is cranking up the marketing machine. On Wednesday, Toyota posted a teaser photo of the 2012 Camry--a look at the car's left-front corner, showing the headlamp, hood, a flared wheel arch and the windshield. You can also see a fog light, a clue that this is one of the higher trim levels of the Camry family.